Quote from: bitvelk on February 20, 2018, 07:40:08 PM

Recently, bitcoin has been showing steady growth. He slowly overcame the first resistance line of $ 10,000, now approaching a new line of$12,000.

I see two options for further developments.

1. Bitcoin consolidates above 12000$ a sharp increase in prices that will allow Aldona to begin to move forward.
2. Bitcoin goes for correction to$ 9500 and breaks new heights with new forces.

Here's my technical analysis chart. Who that thinks?
https://www.tradingview.com/x/D9TGyKlY/

Looking at the price movement for the last two months, April to May 2018, I come to my personal technical analysis for future price movement. After reaching price level at about $9,800 it begun to retrace lower at $9,100. I forecast that price this month will fluctuate between these two price level. Market condition is still bullish and for the next few weeks, price will try to break $10,000 price level. After breaking this level it will keep rising to $12,000 and next price target will be $15,000 before testing highest level of $18,000 last december 2018. In summary, price movement of bitcoin in the near future is still promising.

jputra635

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