Bitcoin Nears Major Breakout: $115K in Sight?
hive-167922·@aliakbar2·
1.521 HBDBitcoin Nears Major Breakout: $115K in Sight?
This time is very important for BTC. Right now, BTC’s price is $104,000 and it is trying to break the resistance level. Looking at the market condition, it seems a bullish trend is going on, meaning chances of prices going up are high. If everything goes well, BTC can reach $115,000 very soon. It will better to keep on checking the world news and the current affairs in US. Also the statements coming from Trump side. If all is normal then we could say that Bitcoin is at the state of bullish momentum. If you check the RSI indicator, it is indicating bullish momentum, the RSI level is above 50 which is always positive for the market.  But to stay successful in this market, it is very important to understand BTC’s support and resistance levels. For now, if BTC holds the $101,000 level, then it is a bullish signal. This means people have confidence in BTC and the price can go higher. But if this level breaks, then there are chances the market may dump meaning prices may fall. On the other hand, if BTC breaks the $104,000 resistance, then it will be a very strong bullish signal for the market. This means the price can go up quickly. Also if BTC is successful to break $104K then it will be a good sign for altcoins because a good rally can be seen anytime. Lets hope for best and lets book smaller profits. What do you people think about current market condition? Will bitcoin hold the level of $104K? Will be glad to see your answers in the comment section. I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account. IMAGE TAKEN AND EDITED IN [CANVA](https://www.canva.com/design/DAGn3VtXMLs/JnRIVHDUH-F3vf6aIuJdwg/edit) **Thank You!** **Best Wishes.**
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