Its so exciting to see my plans unfolding when it comes to Bitcoin anyway. Ethereum really let me down, but lets talk about Bitcoin and its movement in the last few hours. Previously i mentioned Bitcoin finding support possibly around 715-725. If that is true then for the last few days Bitcoin has been fighting towards 750 again staying in prices around 725-735. If Bitcoin breaks 740 we could see a rally past 750 and then a possible support of 750 which means it should not fall below 750 again.
Lets take a look at the chart:
As you can see at the far right of the chart We are seeing an uptrend happening slightly but its for sure the signs of things to come. If Bitcoin breaks out into a rally this coming week or next we could see 800 shortly in December like i have said in my last post. What could cause this rally? Well with the decline of Ethereum investors are looking for a safe haven to put money into until things get better for the different alt currencies. If people decide to invest into Bitcoin instead of alt currencies than that could cause a price increase like the one mentioned above. We are seeing that the currency s becoming more stable month by month and people are starting to pay attention. Bitcoin has been trading over $500 USD for a consecutive 6 months breaking records and finishing the year strong. If you haven't purchased any BTC yet your time is running out to make a short term profit.
Remember when reading my topics about trading i only give you advice based on research and market analysis. Please only use this as a guide and do not hold me responsible for any losses. Keep trading and if you have any questions leave them below.
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