Bitcoin is following the downward path towards the $8,000 and is showing no signs of breaking out from the trend.
Unless something spectacular can happen, Bitcoin will steadily fall downwards over the next few days.
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Bitcoin has smashed through $10,000 and climbed up to $10,100, but it looks like the party could be over for a few days as resistance levels slowly creep back into play.
Anyone looking to cash out their Bitcoin winnings should make a move quickly, while those looking to top up their Bitcoin wallets would do well to wait a few more days to see where Bitcoin will head next as there’s a chance for “cheap” Bitcoin.
Bitcoin casino players rejoice. Bitcoin is eyeing up a move down towards $8,500 – $8,200, meaning it’s the perfect time to stock up and fill your Bitcoin wallet with this “cheap” Bitcoin.
If the charts are anything to go by, this price target will initiate a move up to $10,000, meaning you’ll make a nice tidy profit and Bitcoin casino winners can cash out and get more bang for their buck!
After the Bitcoin halving, volatility is peaking as traders scramble to make some profit while they can. The charts are indicating that Bitcoin is in for a short-term bearish trend that will see it drop to a level between $9,100 and $8,00 in the coming days.
There is another path that Bitcoin can take. If Bitcoin breaches $10,000, we could be in for more upwards movement, with Bitcoin possibly heading up to $11,000, but this is the least likely of the two scenarios.
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