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Author Topic: Bicoin is facing resistance  (Read 36 times)
firasbc
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April 25, 2018, 10:44:30 AM
 #1

Bitcoin is decidedly offered on Tuesday and could test the $10,000 check in the following couple of days, diagram investigation proposes.
Following a sharp value spike soon after 12 pm (UTC), the cryptographic money rose to $9,308 on Bitfinex - the largest amount since March 14. At time of composing, BTC was exchanging at $9,291, up 4.2 percent in the course of the most recent 24 hours.
As recommended by the persuading move over the long haul diving trendline and bullish day by day relative quality list, the bulls seem to be immovably in charge.
Be that as it may, while in transit to $10,000, solid protection lies in stick around $9,280 and $9,800, as observed on the diagram beneath.
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April 25, 2018, 11:47:50 AM
 #2

i don't know where you are copying this text from but you forgot to include the charts that this little paragraph keeps referring to!
next time read it yourself first Wink

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April 25, 2018, 11:55:24 AM
 #3

Well there is another huge resistance coming in and due to this resistance bitcoin fell from 9300$ to 9000$. But even there is a huge resistance the good news is that support is also coming in thus bitcoin is recovering again back to 9100$. The tug-of-war still continues and so we will not know what will be the result but eventually if the resistance is strong we will be stuck at 9000$.

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April 25, 2018, 12:01:13 PM
 #4

Chart should be given in such type of posts.
It is my experience whenever price rise; all the people start forecasting next higher limits and in the opposite case; when prices start downward journey ; most of the people start forecasting lowest possible prices  Grin .  
Above experience is based in my long transaction record in stock market.
So everything is possible.  
As per my opinion, always there is a cycle.  Price once will move  downwards but after some time it will start upward journey.  Also it is true that all the times the upper level records are broken and new records are made.  So this time if the trend continues; then it will cross the highest recorded price levels of previous boom.

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