Bitcoin Up $29000!!!. Possible Bitcoin Bullish Target for the coming weeks
What can we expect from the price of Bitcoin in the coming weeks.
we'll see
Analyzing the weekly chart Bitcoin is above the MA line of 200 weekly chart periods, it is important that you continue to maintain it.
And if bitcoin breaks the short-term highs of $24,500 hard it could see the price hit the important resistance of $29,000.
That already acted previously as support and resistance if we see the graph
The average MA of 50 periods would also coincide with the price that Bitcoin could reach if it continues to rise.
After raising it we could see a setback.
Generally the price of Bitcoin goes in search of important supports
We have already seen this in 2015
When Bitcoin bottoms out in 2015, on its first bull run it will test the 50-day MA on the weekly chart and then we saw a pullback.
What do you think
For your vote or comment, thank you
READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
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