Bitcoin to the Moon? From which level to buy? 5000 Level seems promising.

in #bitcoin7 years ago (edited)

Some of you are wondering from which level you can jump into the rally of bitcoin. If you look at the chart then you will understand it's purely following the fibo level and it's currently heading toward 6230 level where there will be a major resistant.

Bitcoin Price Chart BTCUSD.png

If I draw a fibo for the recent trend then there will be a chance the price will come back to 5000 and that will be our next buying zone.

Bitcoin Price Chart.png

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As this is only about bitcoin, I would suggest you to use the tag crypto instead of ethereum. It will be more relevant and people will find the currency they are interested in easyer. But that's just a suggestiin, you can do what you think it's better. Great post by the way!

Thanks for the suggestion @mejustandrew. I'm actually new in the platform and thought this might help ranking my articles as I also write about ETH and other coins. But I'll limit my tags as I'm learning through the community day by day. :) Cheers.

New to the platform, you are doing a really good job, congrats!

Thanks. Follow and upvote if you like my posts. :)

Bitcoin price is skyrocketing. This is a great feat for the "king of cryptocurrency". It is also predicted that bitcoin will touch the $10000 mark by next year. This is great for all crypto lovers

I won't give it a specific timeframe but I am optimistic about BTC and looking for it's uptrend to be continued. :)

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Bitcoin is far from being a bubble. If you cannot afford to buy one BTC, buy fractional amounts to get into the game.

Agreed totally. And my point of view is totally based on TA.

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Great post :)

I don't know how this bitcoin works, is there anyway I can learn about the whole system from scratch?

Hi @nazmul93. Please watch the following video. You will get some idea behind bitcoin hopefully.

Thank you.

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