Bitcoin on the edge of BIG MOVE - But Which Direction?

Bitcoin on the edge of BIG MOVE - But Which Direction?

By CryptoPk | Blockchaintech | 28 Jun 2020


Bitcoin according to Bollinger Band technical analysis is on verge of massive Move, as we can see the same scenario happens back in 2015 and uptrend of bitcoin started which rose bitcoin price to 20,000$ a coin back in 2018. 

The same pattern can be seen in the image below:

Bitcoin massive move

Bitcoin gained to 13,150 somewhere in 2019 but now being traded around 9,226 a coin. but if we see Bollinger band which is at 74.831 and in a dip of indicating its move probably toward uptrend similar to the Jan 2018 price movement shown on the image below. 

On the other hand its also probability of another dump of 3,200 which was seen after the highest high of 20,000$. 

anything can be expected in digital currency so I will not suggest investing your life savings onto something which was once worth a penny per coin. 

Altcoins, which follow bitcoin footprints if unlink their movement from the giant Bitcoin then Altcoins will be the best opportunity to invest in because of their true projects working to make life easier through 'Blockchain'.

 

Thanks for reading.

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CryptoPk
CryptoPk

Crypto enthusiast and trader


Blockchaintech
Blockchaintech

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