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Author Topic: Bitcoin Price Shifts Toward Key Moving Average as Bears Target $5,000  (Read 2818 times)

Offline newshunter

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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

Would appreciate your opinion about this

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Offline Goodcat49

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Re: Bitcoin Price Shifts Toward Key Moving Average as Bears Target $5,000
« Reply #1 on: December 04, 2019, 10:30:22 PM »
Hope that's not right. But such news makes people sell their bitcoins...

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Re: Bitcoin Price Shifts Toward Key Moving Average as Bears Target $5,000
« Reply #1 on: December 04, 2019, 10:30:22 PM »

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Offline ansi

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Re: Bitcoin Price Shifts Toward Key Moving Average as Bears Target $5,000
« Reply #2 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.
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