Expected trading for today is between 5900.00 support
and 8600.00 resistance
Do you remember in Dec 2017, when bitcoin reached 19700.00 level
( When I moved my funds from BTC Wallet to USD Wallet ), people all over talked about BTC. Heard about it in the que at the local supermarket, people at work started showing off their crypto portfoilio and claiming everybody should get rich too. People that went into debt and took out 2 and 3 loans on their property!Do you remember, in Jan 2018, when I posted about the crash zone and about the decline below the crucial support 10700.00!
- Do you remember in Feb 2018, When I posted that bitcoin price will move deeply in the crash zone towards 6800.00 level before the middle of feb!
- Do you remember the parody "Bitcoin Trend / White House" that I posted, just to attract reader attention that we are under the war ( Banks & Crypto War )!
- Now the talk is quiet! 6.8k reached and the price of bitcoin tested 6.1 k
( 76.40 % Fib Retracement ) as expected.
The game between Bitcoin and major banks and credit card issuers, is so hard, the reason why you see bitcoin price now at 6.1k.
Could this because the banks are scared of losing power to the digital assets?
Are major banks doing so because they are scared of losing power to the decentralized world of blockchain?
Could this because they can't control and make money off of the cryptocurrencies the way they can with other assets?
A lot of question, no clear answer!
We have to wait and see the result of final battle of the war ( Banks & Crypto War ) !!
For now, most of financial analysts, see the bearish trend will continue to reach 5500.00 followed by 4530.00 and lower towards 1800.00!
My point of view the low of the year was reached / 6000.00 level / based on Fib Retracement and Ichimoku cloud, the reason why I moved back yesterday my funds from USD Wallet to BTC Wallet.
So for now I am bullish and I think that the price will breach 8600.00 level around the middle of feb.
Let us wait and see!
Expected trading for today:
is between 5900.00 support and 8600.00 resistance.
Expected trend for today :
Neutral to bullish.
Medium Term:
Bullish.
Long Term:
Bullish.
The low of the year:
6000.00 level.
The high of the year:
25000.00 level.
