Looks like the Bulls are winning this week after the previous week correction to $6000. Yes!
Higher low support at $7865 on Bitstamp and the resistance is at $9761 which is our 24 hour high. I think $10000 will be a big psychological resistance, but if we break $10000 on a clear break we will go much higher.
This is great news for Steem and SBD too. Currently all the crypto’s are moving with Bitcoin. The altcoins went down with bitcoin so they will rise with bitcoin too.
Here is the 7 day SBD chart in Rands. Currently at R61.83 ($5.28):
Currently it looks like we are in consolidation, so we might see another break out soon! I trust the Bulls will do the break out again. 😊
Here is Dan from the Chart Guys with there take on this Bull run:
Tone Vays gives his view on the $9000 break out from Bitcoin. Start video at 16:30 min for chart action:
What do you think of the current bitcoin price break out above $9000?
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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.
Although the crypto market is predictable and anything can happen, it does seem like the correction is over and as the markets are based on psychology and speculation (especially the crypto market), breaking the 10K barrier would be a sign for what's to come. Thanks for keeping us updated, Colin!
I agree with you. Thank you for your support @chunger
Thanks for all the charts and opinion.Upvot and resteem.I appreciate your work..
I Agree Great Information Here!
Hi,
Nice to read about you and you posts and views. I am into steemit from august 2017, I am interested in photography and I am also into crypto trading and investing,I have followed you so you can also follow me. Let us all join hand and work with one common objective to make steemit reach to great height.
Best Of luck
Teenovision
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Good job...
Fantastic article! I've followed and up-voted your post i look forward to your future content!
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