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RE: btc update

in #crypto7 years ago

I would agree we're statistically likely to have an upward trend, but it's also important to note the downward trend-line from the top of the daily triangle somewhere around the $9,500 range that it would have to break through to reach $10,000. Could easily bounce off $9,500 and head back down to $7,400-$7,600 range before coming back up. I believe we see the same end result but the path back to $10,000+ has a couple obstacles to tackle yet.

Here's a look at a zoomed out view of the big picture we might see as well.

BTC_Price.JPG

That being said, any kind of news, good or bad, sometimes can cause us to cross a trend-line prematurely, so news like lightning network developments could cause a disruption that would negate that upper trend-line. Let's all hope for that!