Post
Topic
Board Trading Discussion
Re: Here is my analysis about btc
by
ShowOff
on 02/12/2022, 16:34:58 UTC
Anyways today i start to think btc might not go up much
The strong support i see it's 13300$  not before.
I dont belive btc can go over 17k today i see it's getting weak.
However Im full short tonight this what i belive and my indicators show to me.
Even if the price of bitcoin goes up, then I don't think it will go up much in the short term either. I tend to think the bitcoin price will probably still be lower than $18K this December because either way the FTX case will always cast a shadow on traders and investors.

Fundamentals could be getting stronger so the price can get stronger again, but to get above $18K then I think bitcoin needs something bigger that will increase the demand. Today's bitcoin price recorded a correction to $ 16.8K, but for now the price is around $ 17K.