BITCOIN - WILL THIS PARABOLIC TREND HOLD? - CryptoManiac101
BITCOIN / USD TA
Will we break this parabolic trend or follow through with it is the main question around this week. With strong resistance levels set up at around $4,100 we are coming up to a very important phase in crypto where if we break through resistance, we would be testing our next semi strong resistance levels at over $5,500 - if we are to deviate from this parabolic trend, we are looking at Bitcoin dropping to $3,500 and below as supports become weaker.
Overall market sentiment is slowly shifting bullish, where as before it was largely bearish, we now see biggest bears slowly shifting into 'drive' and buying back Bitcoin, Ethereum and stocking up on ALTS. Market cap has shown a great upward progression which is a very positive sign not seeing since 2017
Invest carefully!
Will we break this parabolic trend or follow through with it is the main question around this week. With strong resistance levels set up at around $4,100 we are coming up to a very important phase in crypto where if we break through resistance, we would be testing our next semi strong resistance levels at over $5,500 - if we are to deviate from this parabolic trend, we are looking at Bitcoin dropping to $3,500 and below as supports become weaker.
Overall market sentiment is slowly shifting bullish, where as before it was largely bearish, we now see biggest bears slowly shifting into 'drive' and buying back Bitcoin, Ethereum and stocking up on ALTS. Market cap has shown a great upward progression which is a very positive sign not seeing since 2017
Invest carefully!
