https://steemitimages.com/640x0/https://imgp.golos.io/0x0/https://steemitimages.com/DQmXAqYvENfjmHhhxg1TpxP1GodGN46xQXBjWLnRR9wrM4r/DQmXAqYvENfjmHhhxg1TpxP1GodGN46xQXBjWLnRR9wrM4r.png


Happy New Year everyone, gentlemen ..

The past year has passed against the backdrop of the fall of our main asset - Bitcoin. It was originally programmed, and we wrote a lot about it. A couple of times the situation went on the possibility of growth, but the price of Bitcoin was too high to attract new investors. But now we are close to the bottom and the situation will begin to change. First and foremost, of course, in the altcoin market.



But first, consider the BTC chart. WEEKLY timeframe (note)

https://imgp.golos.io/0x0/https://i.paste.pics/ee212e102a5ddcaf6cbb7e684e5aacfc.png

As can be seen from the graph, three resistance lines (1, 2, 3) are limiting factors for growth. At the same time, Bitcoin is in the price range $ 3000 - $ 4900. It should be noted that bulls may try to raise the price to the upper border of the corridor, but it seems to me that outside investors will not participate in it, so the chances of a strong price increase in the near future are insignificant. Most likely, there will be another option - stumbling on one of the resistance lines, the price will crawl down again and can reach $ 2,500 at its minimum. The price will not go lower - we have a fundamental support line (4). This is a trend line - it shows that bikoin in the current situation with cryptocurrency will only grow in the future.

This picture of Bitcoin movement for the next three months. Due to the fact that we are close to the bottom, the alcoins will begin to come to life, or rather their movement is already visible. For many major altcoins, growth is likely to begin. Globally - now is the best time to invest in this area. I will try to tell about it in the following posts.

All successful trades !!

A formal disclaimer
Some of the posts might contain our opinion on trading strategies based on our technical and fundamental knowledge. However, please, invest at your own risk. We can’t be held responsible for any losses.