Sirwin
Sirwin

Bitcoin price prediction for the near future

By Pyratellama | THe_LoOny_LLamA | 10 Mar 2020


Here is a chart with my support and resistance lines. They have been pretty accurate so far.351665157-b2d78516fbe618027a4948c232770314cbbf21ccac67ed570da8cbbe80791dbc.png

As you can see the price bounced off my short term support around 7700 and then later went through it and bounced off of the 4 year support line around 7650. I believe it will keep bouncing off of the short term resistance (the line angled down to form a triangle) for the next 12-16 hours. It might go down to the lower resistance line again. Sometime around the 12-16 hour point I think the path of least resistance is up. I expect a pretty strong buying trend at this point.

351665157-12ac1a5a1dce74622614e9490e3c756ba36ea335c6d67f9d669da59b546cb76f.png

I'm not a professional, or financial adviser so take my opinion with a grain of salt.

What do you think? Let me know in the comments.

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Pyratellama
Pyratellama

Audio engineer, studio owner


THe_LoOny_LLamA
THe_LoOny_LLamA

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