Hi guys! Here are my thoughts on bitcoin for today. ## BTC - Daily Chart Tools used: **Smoothen Moving Average**, **Trend-Based Fib Extension** and **Trendlines**  If this 200 SMMA support fails to hold, I would expect bitcoin to go under $5,000. Because the last time bitcoin trading under the 200 SMMA was multi months bear trend on 2014. And when that happens I would collect USD while waiting for bitcoin to go to accumulation phase again for another cycle. ## Disclaimer You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!
| author | devytan |
|---|---|
| permlink | bitcoin-btc-price-update-breakdown-price-target |
| category | bitcoin |
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This post has received a 3.93 % upvote from @boomerang.
| author | boomerang |
|---|---|
| permlink | re-bitcoin-btc-price-update-breakdown-price-target-20180316t035424 |
| category | bitcoin |
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