You are viewing a single comment's thread from:
RE: Bitcoin Technical Analysis: Could be about to break up, or break down soon?
You have posted great insight with different TA tools, and to most extent i am agree with your graphs, but these are for normal arket periods, right now we are expecting Sexwit2X which has already failed multiple times, when devs tried to implement it, dont you think impact of that news is too heavy on the bitcoin and everything right now is revolving around that decision?
Thanks very much.
On sw: Personally, if I was holding much bitcoin i don't think i'd be hugely worried right now because i think it will resolve itself one way or another. I.e., either we don't get a split or else one chain will be dominant and other one will be largely ignored. I think there's a lot of 'brinkmanship' from both side .... but, just as with what happening with Litecoin, it all got resolved. However, I wouldn't be surprised if we got a drop if the problem hadn't be resolved by Aug 1st...but often when there's a panic induced drop, it just bounces straight back up to where it was before :)
Yeh that is what think will happen, in short run BTC will drop and touch a level of 1500-1800, and in long run, no one needs my opinion, every one knows 🚀 🚀