Bitcoin is breaking the downtrend line since the ATH at $5000

in #bitcoin7 years ago

Bitcoin is breaking out to the upside right now. The price has just breached the downtrend line since the All-Time-High at $5,000. This is a very bullish signal. Volume is back as well. Very nice :-)

Next resistance at around $4200...

Bitcoin 4H Chart

Bitcoin 5 Minute Chart

24 Hour Change

7 Day Change

Month-to-Date Change

24 Hour Volume

Market Capitalization

Feel free to use and share my charts, but please mention me as the author.

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Great post.

Great news for Bitcoin it could reach a new high by the end of this month.

By the end of this week!

Nice observation and I noticed this earlier today. I do think it will surpass the 4K mark and then we might see a selloff heading back to test support at 3200-3000 or possibly a little lower. It's going to be an interesting next 3-4 months.

I am finding it interesting, that the second largest volume is coming from OKEx, BCC/BTC pair. Yes, BitcoinCash. BCC is up as well. Interesting.

I have anticipated it to move above 4k again and then continue lower for this year. I expect a test to at least $2500.

I saw a lot of predictions like this a week ago, I wonder if this is still what a lot of people expect.

Seems like it is consolidating nicely now. Let's see how it reacts right at 4k.

Good job done @penguinepablo, I think no one can stop cryptocurrency. Very informative article you shared with us, in which you showed statistic and graph of cryptocurrency , you do a lot for steemian, thanks a lot.

I Agree Sir, Only stop the internet can stop Bitcoin and cryptocurrency.

What's good is BTC is doing the same on the daily chart as of this moment. Good to see some buy side volume coming in.

Could just be a bull trap. If it closes above 4100, that's a strong buy signal. I am not shorting bitcoin in any ways, but i am not in a rush :)

Can't argue with that. We still need to see today's daily candle close above the down trendline as a start.

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Thank you and I am glad that my post is a good motivation for you!!!

Keep it up and steem on :)

Great charts and graphs..thank you for the insight. Buy Buy Buy

Thanks for sharing :-) @penguinpablo I am following. Best of Luck !

Thank you for the wonderful explanation of the diagrams that the Betcouin will not stop and that it is constantly growing because it will be worth the currency of the future

Great insight. I just checked now and bitcoin is rising as you have said. I'll surely keep in touch for more updates. Great work

what a happy news today. Thank's for share Sir.
Now BTC fight for 4k wall.

so i am holding now

Thats a fantastic rally by BTC

Thank you very much for sharing your hard work
Well let's see is it going up or not?!

Very nice set of graphs and charts!!!

@penguinpablo this is a really great analysis and very complete. Thanks for sharing this. This is great for the STEEMIT community and crypto enthusiasts. Good material to make decisions. Just upvoted. Also will reesteem. @gold84

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Nice analysis! Like minds think alike! My analysis shows NOW is NOT the time to be taking SELL actions but rather BUY actions!