I am bullish on bitcoin. The chart below is the current 4-hour chart on bitcoins using CoinBase.
We peaked around $20,000 and have had a healthy %50 correction to around $10,000. It would be scarier if bitcoin just went up forever as markets do need a correction, this correction was well needed. Below we have found two strong lines of support, the psychological big even number at $10,000 and the next big even of $8,000. I personally don't see bitcoins price going lower to the next support line of $7-6,000, this is because the RSI shows good strength after the last sell-off indicating that bitcoin is just waiting for buyers to come back in and.
As bitcoins price follows the trendline shown in the picture in white, Bitcoins price should tighten to the $10,000 price and buyers confidence should return.
Expected date 30th January - 3rd March.
This is just my price prediction and is not financial support.
Enjoy your day fellow steemit users :)
