Because of the coming devaluation of the US dollar (with all of the FEDs printing etc), I think Bitcoin will seek higher highs in the future.
But right now, I beleive in a pullback because of some bearish signals as the latest double top, and the resistance zone that is making the price bouncing back.
If we look at the EUR/USD chart, and the GOLD chart, I think we have upcoming pullbacks in all of them before seeing new higher highs.
Maybe the US dollar is taking its last breath before sinking?
Futhermore, it looks like the price is making a beautiful inverted head and shoulders.....
In my point of view, we should wait before buying. Either wait for the price to fall into the support zone or buy the pullback if the price would manage to break the resistance zone (around 9300). The price usally use the broken trend as a new support.
I think the price is making a new W2 and that it will be around 61.8 to 78.6% of W1.
But right now, I beleive in a pullback because of some bearish signals as the latest double top, and the resistance zone that is making the price bouncing back.
If we look at the EUR/USD chart, and the GOLD chart, I think we have upcoming pullbacks in all of them before seeing new higher highs.
Maybe the US dollar is taking its last breath before sinking?
Futhermore, it looks like the price is making a beautiful inverted head and shoulders.....
In my point of view, we should wait before buying. Either wait for the price to fall into the support zone or buy the pullback if the price would manage to break the resistance zone (around 9300). The price usally use the broken trend as a new support.
I think the price is making a new W2 and that it will be around 61.8 to 78.6% of W1.
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