UnknownUnicorn1588913

Bitcoin goes for 60K

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BITSTAMP:BTCUSD   Bitcoin
As I had predicted in my last post, the price broke the 45k level (the post has been removed by moderators because of violating some rules). Now the price is above the 200 DMA, a strong support level as well as a very common stop-loss point. It means any attempts to test the 45k level would execute lots of stop-loss orders and push the price back to this month's opening price at 41.5k. The month's opening price would play as a key support level and along with the 20 DMA indicator could strongly move the price above the 45k level again. If this scenario fails, and the price goes below the month's opening and forms the right shoulder, it would put the bears in charge again. Considering the RSI indicator, the second scenario is unlikely.
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