Bitcoins Great Wall at 5800 $. Its last line of defence.
BTC had a great run, an unbelievable great run, a once in a lifetime great run. Until 2018. But still is holding great, the Great Wall of 5800 $. Now is the time of reckoning. The last stand at 5800 must hold an onslaught of the barbarians or 2400 is the next stop. And then it will go to 1000, to 300 to nil.
But IF the Great Wall of Bitcoin holds the next months, new highs are possible, if you ask the Elliott Waves. Can't stress though that this is a BIG if. A very BIG one. Fundamentally that would be the equivalent of - after every human on earth, incl. all the princes of Nigeria, now know BTC - aliens, who would discover the BTC and jump on the blockchain-art "investment" opportunity frency. Well, cannot rule that one out...
But IF the Great Wall of Bitcoin holds the next months, new highs are possible, if you ask the Elliott Waves. Can't stress though that this is a BIG if. A very BIG one. Fundamentally that would be the equivalent of - after every human on earth, incl. all the princes of Nigeria, now know BTC - aliens, who would discover the BTC and jump on the blockchain-art "investment" opportunity frency. Well, cannot rule that one out...
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