Thoughts on Bitcoin

Wait 5 sec.

Thoughts on BitcoinBitcoin / U.S. dollarBITSTAMP:BTCUSDMaStCrypToIn fact, we can see that we’re currently trading below the $70,000 trend line. I expect a test of this zone and a subsequent move down to the 50–46k range. I’ve also highlighted a lower range at 27–30k, but I don’t think we’ll reach that level - I estimate the probability at about 5%, however, the path to 50k will be considered 90% lively, if we fail to hold above the 70k zone, we’ll continue moving downward.