Not an ideal period to buy Bitcoin. Be patient for the moment !!
As I wrote recently, BTC price should drop to 4300 USD or even to 3700 USD.
In the last 3 days, Bitcoin felt from about 6200 USD to 5680 USD (actually). Bitcoin couldn’t hold over 6000 USD. The actual zone (in blue) between 5550 and 5650 USD is a significant resistance and support level. From October 13, 2017 it has been tested several times.
If it breaks we will move lower.
My opinion is that it will break downwards to the next support level of 4300 USD or even to 3700 USD.
Bitcoin will rise again later at 7000 or even 8000 USD. So it is falling now, but it will give soon great occasions to buy it. You can check my initial analysis here:
In the last 3 days, Bitcoin felt from about 6200 USD to 5680 USD (actually). Bitcoin couldn’t hold over 6000 USD. The actual zone (in blue) between 5550 and 5650 USD is a significant resistance and support level. From October 13, 2017 it has been tested several times.
If it breaks we will move lower.
My opinion is that it will break downwards to the next support level of 4300 USD or even to 3700 USD.
Bitcoin will rise again later at 7000 or even 8000 USD. So it is falling now, but it will give soon great occasions to buy it. You can check my initial analysis here:
