News: Analyst: Inverse Bitcoin Price Chart Points To Bitcoin Reaching “At Least” $6,13 − 稼げる投資系口コミ情報サイト【Trade Center】

For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform.

Full credits for this video to NewsBTC who listed the info in this video on an article on their website:
https://www.newsbtc.com/?s=Analyst%3A%20Inverse%20Bitcoin%20Price%20Chart%20Points%20To%20Bitcoin%20Reaching%20%E2%80%9CAt%20Least%E2%80%9D%20%246%2C130

——–

Crypto tags:

#BitcoinNews #CryptoNews

——–

Transcript:

0:00:00 Analyst: Inverse Bitcoin Price Chart Points To Bitcoin Reaching “At Least” $6,130

0:00:07 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:13 The entire crypto community of traders, analysts, and investors alike are all watching Bitcoin closely, as the digital asset reaches an important inflection point in its life as a financial instrument.

0:00:24 As traders seek to predict not only the direction of Bitcoin price, but the price target itself, oftentimes a chart will be turned upside-down to gain an unbiased and unfiltered look at support and resistance levels, as well as any patterns that may be playing out.

0:00:38 One particular analyst has flipped a high-timeframe Bitcoin price chart on its head, hoping to glean additional insight from it.

0:00:45 Bitcoin is close to putting the final nail in the bear market coffin, and is potentially entering either an accumulation phase or the beginning stages of a new bull trend.

0:00:54 With fear and panic still felt throughout the market, crypto investors are in disbelief.

0:00:59 The gain more confidence, traders take to charts in order to help to determine and predict price movements.

0:01:05 Occasionally, more advanced chartists will turn a price chart upside-down to try and remove any existing bias from the new perspective.

0:01:13 Related Reading | Sell in May and Go Away?

0:01:16 Prominent crypto analyst Josh Rager has shared such an inverse chart via Twitter, and on it clearly demonstrates powerful “support” at roughly $6,137.

0:01:26 The trader claims that from the looks of it, Bitcoin price is headed to “at least $6,130,” and that it would be hard to convince him otherwise.

0:01:35 At that level, the analyst expects Bitcoin to bounce at “support” around $6,000.

0:01:41 He further predicts that a pullback to $4,100 – the last level of powerful resistance Bitcoin broke through to spark a massive $1,000 early April rally – is possible if Bitcoin makes a correction before moving up further.

0:01:54 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.

——–

Other Credits:
Background music: [No Copyright Music] Late Nite Trippin Pt. II by Pold
https://soundcloud.com/search?q=Pold
Creative Commons – Ask Pold for permission if you want to use this song.
Music promoted by Audio Library https://www.youtube.com/channel/UCht8qITGkBvXKsR1Byln-wA
* Created with https://content2video.com technology | Creating videos out of your data.