Btc the next week...
Bitcoin has formed a falling wedge, and it is at the moment that it is testing the support as it has broken above.
If this point, 60,000 stands still then we are heading up with first stop at 67,000, and with possibility to surpass the barrier of 70K.
If the support of 60K breaks, then we are going down at the lvl of 55K, with a possibility of going further down and testing the strong support of 49K.
Personally I believe that this month we will retest the support of 55K, and will buffer some volume in order to head north, which in my opinion based on fundamental analysis, will happen in December, when we will break the barrier of 70K!
If this point, 60,000 stands still then we are heading up with first stop at 67,000, and with possibility to surpass the barrier of 70K.
If the support of 60K breaks, then we are going down at the lvl of 55K, with a possibility of going further down and testing the strong support of 49K.
Personally I believe that this month we will retest the support of 55K, and will buffer some volume in order to head north, which in my opinion based on fundamental analysis, will happen in December, when we will break the barrier of 70K!
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