Expected trading for today is between 6000.00 support and 8600.00 resistance
As expected, a massive swell of volume leading into an aggressive fall to 6k and a sharp bounce to 7.9k, and still a lot of financial analysts, see the bearish trend!
My point of view:
The bottom has been found at 5947.00, as I predict in my last post
Bitcoin Trend / Banks & Crypto War.It is unlikely, bitcoin price will be making any new low, below the strong support at 6k.
Crypto Bloodbath Killed the buyers in Dec 2017 and will kill the sellers in Feb 2018.
Patience is required from the hardcore hodlers that truly believe in Bitcoin and the philosophy of cryptocurrency.
The trend is Neutral to bullish, and I still see, bitcoin price start to manage to breach 8600.00 level around the middle of feb.
Breaching 8600.00 level and hold above it, will change the trend from "neutral to bullish" to bullish.
Expected trading for today:
is between 6000.00 support and 8600.00 resistance.
Expected trend for today :
Neutral to bullish.
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / Strong Support.
The high of 2018:
25000.00 level.
