Bitcoin has still not broken out. It is 12:41pm (GMT +2) and the bitcoin chart is becoming even more tighter.

The current price on Bitstamp is $11750.

Dan at the Chart Guys is seeing a ‘’flex’’ point that indicates a break is coming. Yes, I have waiting all weekend for it Dan. Lol

One big positive is that we made a higher low and Bulls are making an attempt to break out. We might see a small low again and then another break. We saw 2 of these in the last 24 hours. So as long as we are making more higher lows we are busy moving up.


Here is Dan at The Chart Guys with the short-term view on the Bitcoin Chart:

https://www.youtube.com/watch?v=mSMYPD5-U0Q

The other technical analysist I follow is Tone Vays. In the last 2 to 3 days he was very bearish, but today he surprised me by saying the chart is becoming bullish and he talks about s symmetric triangle breakout. Bitcoin does not want to dip, it seems. 😊


Here is Tone Vays with a longer view on Bitcoin price:

https://www.youtube.com/watch?v=WbmLEURmDPE


Great news is that the bitcoin transaction fees are still coming down and is almost ‘’FREE” again like 12 months ago.

What do you think of the current bitcoin fees and price?

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Colin Brazendale

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I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.