Where is Bitcoin headed?
After bouncing off the 14000 resistance point, BTC is tending downwards. The question is how far it will go and whether it will get back up to 14000 before the end of the month?
I can see 3 possibilities:
A- BTC bounces off a support and retests 14k, it if can close off the month above 14k, I would be VERY bullish (80% bullish)
B- BTC remains in the upward trending channel
C- BTC drops under the upward trending channel either creating a new trend or attempts to get back in
With the uncertainties of the election, it's a clear toss up.
I can see 3 possibilities:
A- BTC bounces off a support and retests 14k, it if can close off the month above 14k, I would be VERY bullish (80% bullish)
B- BTC remains in the upward trending channel
C- BTC drops under the upward trending channel either creating a new trend or attempts to get back in
With the uncertainties of the election, it's a clear toss up.
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