Bitcoin pushed higher against the Dollar on Tuesday, breaking through 4500 resistance and trading as high as 4648 before finishing the day at a record breaking 4587:
Not much follow-through yet and pair is currently down on the day, but bulls will seek to capitalize on the break and push higher towards the 5000 mark over the coming sessions. 5000 is psychologically significant and is also bordered by a pair of fibonacci extension targets at 4907 and 5044.
Former resistance in the 4400-4500 zone should act as support going forward and pair remains bullish above there. Alternatively, a close below 4400 would signal a false-break and possible top.
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It may be the fiat that drops.
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I have this feeling it will not hit 5K as everybody is focusing on this number and probably considerable pullbacks right before to consolidate profits
See what happens ... I think more likely would be it will overshoot a little then snap back like we did two weeks ago with 4400
Good post, @bulleth!
Please bitcoin, do something down! In order to buy at the best price!
Nah that would suck I am too long lol
I hope this opportunity arises! I ended up selling all my BTC at $4100 anticipating a pullback, boy was I wrong!
Good News for the Crypto Markets, Informative
good infomation
pls https://steemit.com/@mahboobfsd/feed
Thanks for info
Dizzying heights! Waiting for some form of pullback but everyday catches me off guard.
gogogo bitcoin!
I can't wait for $5000.
If we hit the $5,000 mark, do you believe there will be a correction. If so, time to get some cheaper Bitcoin. :)
Yeah I think so, but who knows: there are some crazy calls floating round for EOY!
Okay cool, thanks for the info :)
This post was very informative thank you for sharing
you have my upvote
Keep smiling, reading, writing and voting!!!
@mannyfig1956