Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on December 04, 2019, 07:00:25 AM

Title: Bitcoin Price Shifts Toward Key Moving Average as Bears Target $5,000
Post by: newshunter on December 04, 2019, 07:00:25 AM

Bitcoin Price Shifts Toward Key Moving Average as Bears Target $5,000

Bitcoin’s 200-week moving average has been a strong support but a break below it would make raise the chance of a drop to $5K

Source: Bitcoin Price Shifts Toward Key Moving Average as Bears Target $5,000 (https://cointelegraph.com/news/bitcoin-price-shifts-toward-key-moving-average-as-bears-target-5-000)

Would appreciate your opinion about this

Title: Re: Bitcoin Price Shifts Toward Key Moving Average as Bears Target $5,000
Post by: Goodcat49 on December 04, 2019, 10:30:22 PM

Hope that's not right. But such news makes people sell their bitcoins...

Title: Re: Bitcoin Price Shifts Toward Key Moving Average as Bears Target $5,000
Post by: ansi on December 04, 2019, 10:41:19 PM

I'm sticking to my BTC weekly chart
https://www.tradingview.com/chart/BTCUSDT/LpafVBMM-Weekly-Bitcoin-BTC-USDT-Analysis-June-23-201-10-55-PM-My-Time/

Next level if 7$7200 support level is broken is gonna be $6200 - $5700.
Other than that there is still good opportunity for BTC to test $8200 - $8500 again.

My personal opinion it's going to be below $6 for the next couple weeks month before the BTC Halving date.