Flinsword

Just Another BTC Bull

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BITFINEX:BTCUSD   Bitcoin
Long term looks bullish. 3k was a strong support and 4k is looking like a resistance. If we hold 4k for a while then we will probably see slow growth leading to a parabolic growth as we approach the 2020 halfening where the BTC emission will go from USD Inflation rate to GOLD average emmission rates. Remember the strength comes from the system strength so the lower the cost of BTC then the weaker the system will be, that's why I believe 3k held strongly. It definitely seems like the Bears are losing steam as big drops are being corrected more rapidly.

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