5K is the lowest BTC can go
We´re looking at the BTCUSD 1W chart, log on. What we´re seeing here is the upwards trendline, starting even before 2012, when bitcoin was 2 dollar! BTCUSD has touched this trendline about 4 times in the past years. Everytime BTCUSD comes close to the trendline, BTCUSD continues his uptrend. Right now, we're close to it.
I´m expecting BTCUSD to go not below the upwards trendline, but to bounce at or near the trendline. So that means, we cannot go lower then 5K. Maybe it's the V-low we're searching for to bottom out..
Imagine BTC DOES go below 5K, then I think we really will see a bear market with blood all over the place, like we´ve never seen before. But what is the chance for that to happen? Zero of course! ;)
See y'all on the moon!
Please let me know what you think about this idea. This is not trading advice, it's just a thought of mine.
I´m expecting BTCUSD to go not below the upwards trendline, but to bounce at or near the trendline. So that means, we cannot go lower then 5K. Maybe it's the V-low we're searching for to bottom out..
Imagine BTC DOES go below 5K, then I think we really will see a bear market with blood all over the place, like we´ve never seen before. But what is the chance for that to happen? Zero of course! ;)
See y'all on the moon!
Please let me know what you think about this idea. This is not trading advice, it's just a thought of mine.
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