BTC price action till 2018-12-31
This
This is how I see BTC playing out for the rest of the year.
I don't see BTC dropping below the Key Support zone as shown on the chart, but we might see it drop below $6000 to form a double bottom on the weekly chart and from there its should be a good Bull Run till end December playing out like 2017.
If we can bounce of the crucial support zone and brake through the blue resistance line in the next few weeks that would be great and close with a green monthly candle.
I believe this will then confirm a bull run, and we will see Higher Highs and Higher Lows.
This is how I see BTC playing out for the rest of the year.
I don't see BTC dropping below the Key Support zone as shown on the chart, but we might see it drop below $6000 to form a double bottom on the weekly chart and from there its should be a good Bull Run till end December playing out like 2017.
If we can bounce of the crucial support zone and brake through the blue resistance line in the next few weeks that would be great and close with a green monthly candle.
I believe this will then confirm a bull run, and we will see Higher Highs and Higher Lows.
If we brake this Support and head below $5800 we will most probably test the Blue Long term support trend line, But I highly doubt that we will sink that low.
One has to remember the price to mine one BTC, and as I believe its around $5-6K ?