As previously explained on Sept 14th, BTC is heading for 86,000$ , after that expect anything.
The $85,000-$86,000 region is not just an ordinary resistance area drawn in technical analysis. On the contrary, it represents a significant cost zone where real investors, who have been in a losing position for months and are waiting for their investments to reach the break-even level again, are concentrated.
Also between $83,000 -$86,000 approximately 1.07 million BTC were purchased by long term investors.
The general view, the market will stay bullish, but if you are looking to book profit, i would suggest you do it in the range explained above.
#N4G
#N4GTeam
#BTC
#MarketAnalysis
The $85,000-$86,000 region is not just an ordinary resistance area drawn in technical analysis. On the contrary, it represents a significant cost zone where real investors, who have been in a losing position for months and are waiting for their investments to reach the break-even level again, are concentrated.
Also between $83,000 -$86,000 approximately 1.07 million BTC were purchased by long term investors.
The general view, the market will stay bullish, but if you are looking to book profit, i would suggest you do it in the range explained above.
#N4G
#N4GTeam
#BTC
#MarketAnalysis
