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Bitcoin. North Or South?

|Includes: Bitcoin USD (BTC-USD)
Summary

Some levels to watch here for Bitcoin.

South to $2700.

North to $7000.

It's just a question of when and where (on which exchange the 'event happens).

IF Bitcoin decides to go South, THEN all cryptocurrency pairs that trade against USD/EUR/JPY will follow, and this move should be decided shortly. IF this move happens, THEN we should see the 12-11-2018 average Bitcoin price $3400 USD drop to the $2700 range before an eventual rise back up following these levels $2950 , $3100 , $3295++ then $3750, $3950, $4100, $4350 and then follow the following move.

IF this move happens, keep an eye on markets as this is a BUY opportunity.

IF Bitcoin decides to go North, THEN all cryptocurrency pairs that trade against USD/EUR/JPY will follow, and this move should be decided shortly. IF this happens, THEN we should see the 12-11-2018 average Bitcoin price $3400 USD rise to $3550, $3795, $3895, $3999, $4100, $4300 AND IF this happens, we should be on another bull run with $1000 moves back to $7000 range.

IF this move happens, keep an eye on markets as this is a BUY opportunity. YES, either way it’s a dip.

I’ve always been a bull and this is my personal view of the crypto landscape and markets right now, not financial advice. DYOR (Do Your Own Research)

Michael Gogel

Disclosure: I am/we are long BTC-USD.

Additional disclosure: DYOR. These are just my thoughts so don't troll me!

I have positions in any stocks mentioned, but no plans to initiate any positions within the next 72 hours