Home Polls & Quizzes Will Bitcoin Respect the Bullish Trendlines?

Will Bitcoin Respect the Bullish Trendlines?

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As seen in the image, we can draw two main trend lines describing the mean slope of the bitcoin bullish movement that started in March 2019. What is curious is that both make a confluence at the  $10,000 level just now.


 So, by looking at the daily chart there are two scenarios. On the scenario one, the price just bounces at $10,000 respecting the bullish trend and goes north. On Scenario two, the price continues respecting the descending channel and goes down to visit the $8,300 level before creating another bullish leg.

Please, cast your vote!

Is Bitcoin Going to Obey the Bullish Trendlines?
5 votes · 5 answers

 

 

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