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Bitcoin’s Most Likely Next Move?

Bitcoin's rally seems to have stalled so far at the 61.8% fibonacci retracement level. A recent rally failed to move above that level. So what could this mean for BTC? We look at the charts. #Bitcoin #BTCUSD

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30 Comments on Bitcoin’s Most Likely Next Move?

  1. Cherry picking! You can find many examples where BTC price behaved similarly and made higher highs. Also, higher time frames are still bullish! Also, where is your bullish scenario? One sided view on this one, Alessio. You can do better and usually do!

    • Thanks Sebastian but I don’t understand your point. As I mentioned before, for the BULLISH scenario you still NEED a retracement. A decent retracement to the weekly 21 EMA is absolutely necessary for a healthy bull market. It is conter-intuitive: the longer the parabolic rally continues the LESS likely that this rally is a bull market rally (and more likely it is a bear market rally). So a retrace is needed and normal. Thanks.

  2. you guys do realize how easy it is to manipulate the bitcoin, right? transferring between wallets doesn’t “really” constitute a sale of btc, only a movement of units at a price between wallets, wallets that can be owned by the same interests.

  3. Thank you Alessio! I have been watching this market since 2017, learning the cycles and patterns, you have been a positive part of this path I’m on. Level headed in your approach with humility and market respect. Soon to capitalize in this space if i see as well as you. Thanks again

  4. All eyes are still on the crucial $13,800 level,” Mr Peters said. “Investors will be waiting to see whether this rally has enough stamina to break this level. “If not, falling back to levels of $7,000 is still highly possible.” so i’ll advice current investors and newbies is to take advantage of mr Diego’s program, a pro trader who’s is helping investors/newbies recover loss from the crash and also accumulate more bitcoin through his amazing trading strategy, with his program i went from having 1.5btc to 9btc in just 3weeks. you can reach him on whatsapp; WhatsApp +1(985)686-0034 or telegram @Diegodouglas440.

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    • i have said it before and i will still repeat, a foolish investor will keep Building His portfolio on Online predict but a Vise investor will build his porfolio on the Foundation of Diego’s profiting strategy

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  5. This ain’t 2016.. 🤷🏽‍♂️

    21 EMA will be pulled up As it’s a trailing indicator.. Will probably be pulled up 95 to 10K.. Which I mentioned before institutional buys just created the floor at 10K because they ain’t selling short term.

    BTFD baby

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