With the Bitcoin daily chart in a strong buying mood, I see two most likely next steps:
a) the buying momentum cannot be sustained and after another day or two of good gains, we'll finally begin the descent to 6000USD
b) the bulls drive us back up to challenge 11000USD once again
I consider option A to be 85% likely. How about you?
Please hit the thumbs up if you agree. This analysis is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
a) the buying momentum cannot be sustained and after another day or two of good gains, we'll finally begin the descent to 6000USD
b) the bulls drive us back up to challenge 11000USD once again
I consider option A to be 85% likely. How about you?
Please hit the thumbs up if you agree. This analysis is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.