mhajidavallu

Clear idea why btc stopped rising

BITSTAMP:BTCUSD   Bitcoin
He every body!!

A. Are you curious why btc stopped its strong uptrend???

B. Or want to know what would happen??

So followings might help you and give you clear idea

A. The above chart and drawn fibo chanel makes it clear that the strong 1.681 level resistance was not surprising. And an accurate touch to this level made strong uptrend to stop.

But what would come up next???

B. For sure in long term btcusd will be upward as analyzists predict 300k$ for btc in 2025 but for trading it might relax for a few days between 30k to 37k. I assume a greate profitable long position could be oppened if 39k was passed.

Hope it could be helpfull.

I would be happy if you share your ideas about this article or any predictions about btc.

Thanks for reading.
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