Bitcoin is on primary bullish trend with 12,078 resistance level as the next tarhet to re-enter.
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This is a discussion on Bitcoin and other Cryptocurrencies within the General Discussion forums, part of the Trading Forum category; Bitcoin is on primary bullish trend with 12,078 resistance level as the next tarhet to re-enter. more......
From about 18 to about 30 in 6 weeks time, that ain’t bad
After tracking mostly sideways to slightly down in price from May to July, you can see the late July breakout. XRP had been unable to rise above the Ichimoku cloud for weeks but then got there easily on some volume. It looks like the selling that comes in at above 31 is likely to be significant enough to prevent further upside, at least for now.
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Bitcoin has been fluctuating between $10,000 and $10,500. When will it break free of this range, and what key levels of support and resistance will it face next?
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I believe that after the bullrun of 2017 the crypto market can't still regain its power. I have stumbled upon the forecast of Simetri and Crypto Capital (Stansberry) about the state of things in 2020 and they say that we are going to have the next bullrun soon. Before that we will go down (up to 7k$) but after that we are going high to maybe even 50k$. Who knows, maybe the forecast will turn true and we will renew the ATH. Trading nowadays is becoming more and more profitable
In an incredible display of support, Bitcoin rallied above $20k early in the morning on December 16. This upside breakout move coincided with a very strong Fibonacci Price Amplitude resistance arc originating from the low price level near March 20th. The implications of this upside breakout suggest Bitcoin may continue to rally higher targeting levels just above the $23k level ($23,150).
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