Chart source - Bittrex.com
Today bitcoin is trending in the $4980 USDT/BTC price range,
after bottoming out around 3150USDT/BTC after our last analysis posting.
This has resulting in a net of about 55% upswing after reaching the expecting support lines for accumulation.
Based on the 1 day trend charts on the past year of activity,
and retroactive support lines for trades, prior to the great pump of 2017/2018.
As a result of reaching support targets,
it is appearing as though bitcoin just may have the possibility
to continue to rise over the coming weeks/quarter to a price range of $6499USDT/BTC valuation.
This is indicated in the graph above to support the price range prior to the last market dive.
Once surpassed these targets, Bitcoin has the support to achieve new targets surpassing the $10,000 USDT/BTC price range.
We will be keeping an eye on this trend and will continue to post as necessary to update our findings accordingly with the community
Disclaimer ; This is NOT trading advice and should not be taken as such. We do not encourage the purchase of digital assets and must acknowledge that such behaviour is an extreme risk and may be considered a gamble as results are unpredictable. Please conduct your own research, analytics, and professional opinions when making financial decisions. We do not promote, or speculate on potential revenue or incite profit earnings. We simply share informative data, which is publicly available at any time, we share these findings & analyzations with our community to include within their own research studies. This information is NOT to be taken directly or as direct coaching. advice. Trading cryptocurrencies is done at your own risk as financial value may be lost in its entirety.