Bitcoin broke the previous all-time high and the $20,000 round number on December 16th and created
a new record high on December 20th at $24,298. It took 3 years for price to revisit this level and we may
see price move on up towards the $30,000 round number or we may even see another sharp decline.
Cryptos are very volatile and very hard to get an idea of where price may be heading next but price does
tend to respect major levels of support and resistance.
After seeing some strong moves last week, this week is looking bearish so far and we may even see price
move down to retest the $20,000 round number or the previous all-time high.
As the consolidation period lasted for 3 years and we finally have a breakout, we can expect to see a strong
continuation in the direction of the breakout but as I have mentioned above, cryptos can be volatile so we
need to tread with caution here.
As Bitcoin is looking bullish, we should see the other Cryptocurrencies follow suit.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
a new record high on December 20th at $24,298. It took 3 years for price to revisit this level and we may
see price move on up towards the $30,000 round number or we may even see another sharp decline.
Cryptos are very volatile and very hard to get an idea of where price may be heading next but price does
tend to respect major levels of support and resistance.
After seeing some strong moves last week, this week is looking bearish so far and we may even see price
move down to retest the $20,000 round number or the previous all-time high.
As the consolidation period lasted for 3 years and we finally have a breakout, we can expect to see a strong
continuation in the direction of the breakout but as I have mentioned above, cryptos can be volatile so we
need to tread with caution here.
As Bitcoin is looking bullish, we should see the other Cryptocurrencies follow suit.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
