Author Topic: Bitcoin Analysis: Are We Going Up Or Down?  (Read 9 times)

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Bitcoin Analysis: Are We Going Up Or Down?
« on: January 11, 2019, 07:40:33 PM »
This past month Bitcoin has been testing between $3.5k and $3.6k, and overall the zone has been treated as an opportunity to buy for traders.

Under a completely bearish circumstance, Bitcoin will dip below $3,550 and continue to drop possibly testing its previous temporary bottom at $3.2k. However, many analysts predict that we may plunge further downwards and see fresh yearly lows around $2,500.

In the case that this is a healthy correction, Bitcoin will continue to consolidate with $3.5k as support and $4k as resistance.

Read the full analysis here