When Will Bitcoin Break Out Again: Bitcoin's Downtrend Reversal Ceilings

View this thread on: d.buzz | hive.blog | peakd.com | ecency.com

bitcoin·@astralcrypto·7 years ago

0.000 HBD

When Will Bitcoin Break Out Again: Bitcoin's Downtrend Reversal Ceilings

<html>
<p>Bitcoin is in a downward trend at the moment. Each day that goes by, Bitcoin's trend reversal ceiling moves down slightly - about $122 per day. When Bitcoin breaks through the downtrend ceiling (green line), we will hopefully begin to see more growth and a strong market recovery. At Bitcoin's current price (about $9,650), the downtrend reversal would occur on March 9, 2018. For Bitcoin to begin an upward reversal today, it would need to break about $11,258 and hold there for some time. The other daily ceiling reversal limits are listed on the chart.&nbsp;</p>
<p><img src="https://i0.wp.com/www.astralcrypto.com/wp-content/uploads/2018/02/Trend-reversal.png?resize=1024%2C590&amp;ssl=1" width="1024" height="590"/></p>
</html>

👍 astralcrypto, marcopagan,

properties (23)vote details (2)