Hello, dear members of LeoFinance!
Exactly 12 years ago, on October 31st in 2008, Satoshi Nakamoto published Bitcoin White Paper: "Bitcoin: A Peer-to-Peer Electronic Cash System". That's why today I will comment on the price chart of Bitcoin.
So, earlier this week, I wrote a detailed post about one very important key resistance level that stands in front of Bitcoin. And it is actually the level of $13,880:
As can be seen in the chart, BTC/USD is approaching this import resistance level.
In my view, if in the next few months BTC/USD surpasses the resistance level and forms a relatively big bullish candlestick which midpoint (middle of the candlestick body) is above that line of $13,880, I will consider it as a solid bullish signal, indicating that this is the end of the Bear Market.
To be continue ...
So, fellow LeoFinancier, what do you expect from Bitcoin in the next couple of months?
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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