BTC/USD $11,500 All Time High! (Price correction imminent)
BTC Milestone: $11,500! (Price correction imminent)
Shortly after Bitcoin crossed the $10,000 barrier, it went on a bullish run up to an all time high of $11,500!
Bitcoins skyrocketing price is a good sign of the beginning of mass adoption, but like any other asset it is bound by the laws of the market. Bitcoins RSI (Relative Strength Index) is running around 92, this is a sign that BTC has been over-bought and will most likely see a price correction soon, probably around the $9,500 to $10,000 supports, but it might go as low as $8,100.
This is an awesome milestone for all you BTC Hodlers!
I wish you massive profits on all your trades,
CryptoTA
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Shortly after Bitcoin crossed the $10,000 barrier, it went on a bullish run up to an all time high of $11,500!
Bitcoins skyrocketing price is a good sign of the beginning of mass adoption, but like any other asset it is bound by the laws of the market. Bitcoins RSI (Relative Strength Index) is running around 92, this is a sign that BTC has been over-bought and will most likely see a price correction soon, probably around the $9,500 to $10,000 supports, but it might go as low as $8,100.
This is an awesome milestone for all you BTC Hodlers!
I wish you massive profits on all your trades,
CryptoTA
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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