BTC what's your next move?
Dear traders,
Looking at the graph we can clearly see bitcoin is stuck in a rather dire situation, it is approaching the $3,000 mark and is showing little signs of slowing down, furthermore if it was to break the $3,000 support line it's highly likely it would continue a free fall to the $1,700 range. In the event of this happening pretty much the whole 2017 bitcoin rally will be wiped out leading to the 'crypto mania' bubble pretty much being popped, however, if the $3,000 support line does hold and we bounce off it with high volume there is still a chance bitcoin could bounce back a bit and get to levels of $5,500.
Trade smart, play safe, don't invest more than you're willing to lose!
Looking at the graph we can clearly see bitcoin is stuck in a rather dire situation, it is approaching the $3,000 mark and is showing little signs of slowing down, furthermore if it was to break the $3,000 support line it's highly likely it would continue a free fall to the $1,700 range. In the event of this happening pretty much the whole 2017 bitcoin rally will be wiped out leading to the 'crypto mania' bubble pretty much being popped, however, if the $3,000 support line does hold and we bounce off it with high volume there is still a chance bitcoin could bounce back a bit and get to levels of $5,500.
Trade smart, play safe, don't invest more than you're willing to lose!
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