BTC supports and resistences

BITSTAMP:BTCUSD   Bitcoin / Dollar
One month ago 12500$ was acting as a strong support but now it is a resistance, and it will be interesting to see can BTC break it.

I think that it can, and than 14000$ will be the critical point for bitcoin . Around this level, we can find interception of the bearish trend line that connects tops on the chart and the next Fibonacci level which was also very important for bitcoin around December 25th. Here might be the start point of the third down wave that forecasts a big part of the community. But even if that happens and Bitcoin start going down again, I don't believe that it can fall below 9500$.

A lot of people started predicting bitcoin fall below 8000$.

I still don't believe that it can go below 9500$.

BTC on the critical point. If it breaks the trend line at 11500, it can go to 14000 USD. Otherwise, we can expect retrace to 8500USD.
I think that it will break it.
Kommentar: More and more people think that 8-9k is a perfect price to buy bitcoin. That makes me suspicious. Typically, you don't earn money just by following the crowd!! I think that it will go to 14000$.
i believe the below 9200 will be a minute event, not gonna take even 10 minutes.
zorjak retiringsoon1
@retiringsoon1, That would be really bad for everybody. I hope that won't happen.
@zorjak, why is that?
zorjak retiringsoon1
@retiringsoon1, why it would be bad to lose money?
@zorjak, why lose? As said it would only be a short drop..it will pick up and raise again.
zorjak retiringsoon1
@retiringsoon1, a lot of people cannot handle even that. they will simply sell in that short dip
@zorjak, i understand..as cruel as it sounds but that is how market works.somebody needs to sell for some to buy
zorjak retiringsoon1
@retiringsoon1, Truth:)
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