Bitcoin Forecast October 12, 2020

by birtanpublished on November 4, 2020

from daily forex this is chris taking a look at the uh bitcoin market here you can see that we have uh found the market to be bullish we have broken above the 11 000 level and you can see that we are trying to get to 12 000 and this is based upon stimulus i would also point out nice ascending triangle which measures for a move to 12 000 so it all kind of tidies up nicely we get some type of announcement over

The weekend it's very possible um you know on stimulus it's very possible that by the time monday rolls around we're already there otherwise if we pull back i think we could go down to 10 000 maybe the 200-day ema possibly even 9000 where i think there's like more or less a floor in the market longer term though it looks like we're going higher this is just a continuation this is all about dollar devaluation

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