Bitcoin (BTC) is fully beating all markets and is the leading asset for many weeks now!
Three scenarios I can foresee.
(A) Bitcoin breaks through the $16,200 resistance and straight also through the $19,000 resistance and makes new all-time-highs. This is the very bullish scenario.
(B) Bitcoin bounces of the the $16,200 resistance to make a bottom at the $13,750 range to then break all resistances on the way to all-time highs.
(C) Bitcoin breaks the $16,200 resistance, but bounces of the all-time-high resistance level to make a bottom at $16,200 resistance level before making all-time-highs.
A mix of B+C is also possible.
Bitcoin is showing a lot of strength, really pulling along ALL of the crypto markets which is stretched to the downside in many key players.
I expect once Bitcoin gets rid of its resistance levels the Bitcoin Bull will let the other crypto assets bulls loose and the next parabolic alt coin cycle will explode.
Three scenarios I can foresee.
(A) Bitcoin breaks through the $16,200 resistance and straight also through the $19,000 resistance and makes new all-time-highs. This is the very bullish scenario.
(B) Bitcoin bounces of the the $16,200 resistance to make a bottom at the $13,750 range to then break all resistances on the way to all-time highs.
(C) Bitcoin breaks the $16,200 resistance, but bounces of the all-time-high resistance level to make a bottom at $16,200 resistance level before making all-time-highs.
A mix of B+C is also possible.
Bitcoin is showing a lot of strength, really pulling along ALL of the crypto markets which is stretched to the downside in many key players.
I expect once Bitcoin gets rid of its resistance levels the Bitcoin Bull will let the other crypto assets bulls loose and the next parabolic alt coin cycle will explode.
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