workin2005

Morning forecast for Bitcoin...Breakout?

COINBASE:BTCUSD   Bitcoin / Dollar
Assuming bitcoin             can punch through the descending channel resistance line, we may see a breakout above $10K soon. If it bounces off the descending channel resistance, expect a possible retest of $6K.
Not so sure about 10k, very soon it's going to reach 8k and i believe 9k is maximum for next 2-3 days.
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workin2005 SashaK83
@SashaK83, If you look at my chart, I predict the same thing. I forecast hitting around $9,500 tomorrow, a pull back to around $7,300 by the next day and then the breakout around the 9th of February. As my chart also shows, that's all dependent on breaking the resistance line I point to with the arrow around $8,100. If we do not break that resistance, I forecast a re-test of $6,000-$6,500.
Having said all that...It's certainly not out of the question for us to break $10K today...but I'm not counting on it.
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