Bitcoin (BTCUSD) continues going higher and is showing great momentum and strength.
Looking at the chart above, we can see that the channel trendline has been broken with good strength and volume. The path is clear up. Feel free to hit like now to show your support and let's continue with this analysis.
We believe that conventional markets will take another hit today when they open and this will push Bitcoin, and soon the altcoins market, higher.
Here you can see our analysis before Bitcoin (BTCUSD) started to move up (we predicted each move perfectly):
You can also find the SPX and DJI chart analysis below.
Our main target is the last high/peak sitting at around $13,200, followed by the peak hit in late June at around $13,900... Only if these levels are broken we can move higher, but Bitcoin is surely aiming to try them out...
Here is the weekly chart, it shows great potential for additional growth:
S&P 500 Index (SPX)
Dow Jonex Industrial Average Index (DJI)
Thanks a lot for reading.
Namaste.
Comentarios
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We are still aiming higher... same target. A new update will be coming out soon.
@Thomaszou525252, as u see we had a spike up to the resistance zone and then bounced back fast and strong bellow upper pink line. I'm quite sure we won't reach $13200 as soon as some people are expecting. I'm planning to write some deep analysis about Consolidation Zone I'm expecting to happen. Won't be trolling here but you can get automatically alerted from TW when people that you follow post new posts.
There are several reasons for that. Yesterday I wrote about it here: