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RE: Bitcoin TA Update

in #btc7 years ago

My dear @cryptographic sir

Bitcoin is largely in sideways trading and June and July month have always consolidative trading if we compare the chart from past. From August Bitcoin may start running upward to meet the first resistance of 11500 followed by 13000. I do believe that 13000 is very very strong resistance.

Bitcoin has given all of us a chance to buy at this level, but one should not take it for granted that 2018 will also yield a similar move just like 2017. I have a strong feeling that we are into a broader range of 5000 to 13000 for next 1 or 2 year for Bitcoin.