I posted in my last bitcoin predictions that I’m looking for rally to atleast 7.3k area. Check the last post here
Price has done exactly that with a retest of the level & now with a clear break above 8.7k. Price has manage to test the 3 months high & Now I’m expecting price will keep going ahead to test yearly high.
China ready to adopt Bitcoin as Future & making efforts to list bitcoin on Exchange
The proposal includes a range of issues from how compatible the industry standards should be with other international cryptography systems to whether companies should voluntarily verify their commercial use-cases with authorities.
Bitcoin Rally to continue with stops around 9.1k
Chart Below has shown the demand area holding since that level of 9.2k was breached but it seems to be faking the support and after that we have seen a test of the area as a falling wedge and now price has breakout of the that range and I’m now ready to buy btc with stops around 9.1k area.
I’ve seen this opportunity and decide you keep you updated . Bitcoin made a high of as high as 10.2k & since that high is made price has been on the sideways & untill it found support around 9.2k area & I’m now looking for a strong test of 10.2k again.