Opinion: the risks of Bitcoin will soon be at the level of $ 3000 - http://forklog.com/

According to CoinDesk analysts, if the price of Bitcoin is not supported by current values, the next significant level would be $ 3,000.

On the weekly chart, we can see that the strong movement confirmed by trading volumes began when the price left the "Triangle" figure. Currently, Bitcoin is moving to the 38% level on the Fibonacci scale. This level coincides with the $ 3054 mark, corresponding to the values ​​of July last year.

The "Triangle" and "Flag" models on lower time intervals indicate a high probability of continuing the downward movement:

This is also indicated by the update of the maximum in terms of volume of short positions on Bitfinex:

We remember the key support level at $ 3,000 last week, reported Omkar Godboul.

Subscribe to the ForkLog Newsletter chirping!

Found a mistake in the text? Select it and press CTRL + ENTER

Subscribe to the news Forklog

.

Leave a comment

Send a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.