Digital Gold BITCOIN. Neutral short term, Long on the Long Term
Here is the most probable Next situations for the Digital Gold BITCOIN.
After the rebound the second week of February on the rising support, we see a short consolidation before the most resent move today an 8.5% up on the last 24h so far.
Im not a big fan of short term price speculations but i can say that, maybe we can see a short consolidation on the next days on the price above $3,800 and yes its a big probability that we are going to test the $4,200 Resistance before March last days of February, i hate to be so precise speculating on prices but some times i like to play this type of games LOL.
Now back to the test of the $4,200 Resistance its were i stay neutral on were it can go, and i have reasons for it,
if you see my last analysis on the BITCOIN Logarithmic Chart on the long term, you can see why.
On the long term we see that price its still in the consolidation process and i think price can fluctuate there between $3,200 to the $4,200 the next two to three months.
Never the less prices are unpredictable and there is a chance that BITCOIN brakes the actual Resistance opening the door to go to the next one Above $5,800 were can be rejected easily, if you see my last post you will tell why i hold this position tight, the nature of the BITCOIN algorithmic chart shows that there's no time yet for a mayor bull run not for now until next halving unless some economic resection or institutional mass adoption, other than that this is just a consolidation and price fluctuation.
After the rebound the second week of February on the rising support, we see a short consolidation before the most resent move today an 8.5% up on the last 24h so far.
Im not a big fan of short term price speculations but i can say that, maybe we can see a short consolidation on the next days on the price above $3,800 and yes its a big probability that we are going to test the $4,200 Resistance before March last days of February, i hate to be so precise speculating on prices but some times i like to play this type of games LOL.
Now back to the test of the $4,200 Resistance its were i stay neutral on were it can go, and i have reasons for it,
if you see my last analysis on the BITCOIN Logarithmic Chart on the long term, you can see why.
On the long term we see that price its still in the consolidation process and i think price can fluctuate there between $3,200 to the $4,200 the next two to three months.
Never the less prices are unpredictable and there is a chance that BITCOIN brakes the actual Resistance opening the door to go to the next one Above $5,800 were can be rejected easily, if you see my last post you will tell why i hold this position tight, the nature of the BITCOIN algorithmic chart shows that there's no time yet for a mayor bull run not for now until next halving unless some economic resection or institutional mass adoption, other than that this is just a consolidation and price fluctuation.
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