Dusk prices have soaring against Bitcoin. The coin has been able to manage to breakthrough every one of its resistances.
This is a very good sign for the coin to be able to attract buyers within an environment where altcoins are suffering.
However, the current movement has gone parabolic and the trend is now stretch, overextended. This could lead to some profits taking and therefore a strong pullback in the days to come especially as we are heading into the 2700 satoshis resistance level.
We could therefore expect a healthy pullback toward the 2100 satoshis level and even the 1300 satoshis level. This pullback wouldn't affect the current coin's uptrend.
Raphaël Comte
Investment Analyst at Token Metrics
Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com/pages/....................... .
This is a very good sign for the coin to be able to attract buyers within an environment where altcoins are suffering.
However, the current movement has gone parabolic and the trend is now stretch, overextended. This could lead to some profits taking and therefore a strong pullback in the days to come especially as we are heading into the 2700 satoshis resistance level.
We could therefore expect a healthy pullback toward the 2100 satoshis level and even the 1300 satoshis level. This pullback wouldn't affect the current coin's uptrend.
Raphaël Comte
Investment Analyst at Token Metrics
Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com/pages/....................... .