Just After I Asked Will It? And It Did!

Bitcoin has reached $28,000 in a matter of hours after I have written that Bitcoin is on the way to $28k this week! So as we are already there the next level to look at is $29,000 area. Will there be a strong selling pressure? I think there will be some selling possibly back to $28,000 and bounce off from that level to $30k!

Contrary to the weekend Bitcoin has been amongst top stories at the start of this week! 

Apparently analyst Benjamin Cowen predicted for Bitcoin to plummet to $23k at the end of September but this did not happen. I am not professional analyst, but so far I have been more often right than wrong. Let's see if this continues.

Regarding the overall news - is it time for a mini dump? Well, I thought at $28k there will be a small retracement as drawn on the chart. Bitcoin has been on top stories cover lets see if there is on tomorrow, or after tomorrow. 

On the 4h candles we can see that Bitcoin is holding the yellow line which is one of the support resistance areas.

Bear in mind that this is my estimate drawing, so Bitcoin might look like it has broken but in fact it might now be at resistance line, but the area is marked and it is the level to look at for next move!

All The Best,

Aventurine