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RE: Bitcoin: Room Left for Another 30% Leg

in #crypto • 5 years ago

I think it depends upon how it gets there.

Going directly to that level, then it might be a pullback. If there is a pullback before we get the $11K range, then it will likely just be part of a trend pushing things higher and could test the $14K level.

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5 years ago in #crypto by
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     5 years ago  

    Well, closing above the $11500 level would mean breaking the two and a half years long descending trend line. We need some serious momentum to do this.

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     5 years ago  

    I agree with that sentiment. It will have to be very powerful.

    That is why we could see a pullback a bit to try and build momentum.

    Posted Using LeoFinance