HELLO FRIENDS
This week is the most important week about bitcoin as we know that bitcoin is on a down trend from last few months .We have seen some upward movement but that was not for much time time. As i am writing this blog price of bitcoin is about $6200.
WE are retesting the february lows again infact we have also broken the february lows but i think it was false breakdown done by the manipulators in the market.
Dont forget that bitcoin is still young and it is easy to manipulate bitcoin.
If we are able to break $6400 then according to me we will enter in a safer zone and i think we will see rally upto $7600 mark.
But i am confused because we are not having enough volume yesterday i saw some volume inceasing but today we are back on the same track .
If we not see some volume and price goes on increasing then it will be like a balloon in we are filling air but it does not have enough volume so some time later it will blast thats what happened before.
PS: Allways look at the volume before buying bitcoin.