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Bitcoin Price is in an Interesting Place - Thoughts by scaredycatguide

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bitcoin · @scaredycatguide ·
$7.43
Bitcoin Price is in an Interesting Place - Thoughts
Looking at the daily chart tonight, I wonder how the price of bitcoin will play out of the next week.  

See, we are kind of still waiting to see what price does after this hard bounce before determining if the near term price action will be positive of negative.

Obviously we have our $3,000 line in the sand as seen in the chart below. 

![](https://steemitimages.com/DQmPNUWBeJVDgD53p5ojHVq7ohBpFy24bZn3fQHMRyJcQy2/image.png)

However, when a chart (of any asset) makes a hard move down on followed by an aggressive bounce; another move down is a very real scenario.  (plus, the daily chart of bitcoin looks like a real messy head and shoulders pattern.)

Will we get that? I do not know.  

I did see two points to draw a line off of in the chart below.  Right now it's just a possible trendline, but if price were to come down and hold that line as opposed to hitting $3,000 it would be welcomed and give that line validation.


![](https://steemitimages.com/DQmZuuebDXnZoWVjLYPyimknxBf47TXVTuTJhX2admMEeFa/image.png)

#### I'd rather just see bitcoin go up from here and re-establish above $4,000.....sound good?

#### Anyway, let me know your thoughts on bitcoin price action.  Usually I have a clear opinion, but right now it's wait and see if we are in bull or bear mode.

![Steemit_txtdvidr.png](https://steemitimages.com/DQmQALmjjiQfvMZNBY1AtHwNiZLf6jnD6P1yuGe4v25iHRe/Steemit_txtdvidr.png)

Best Regards,
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vote details (76)
@albertvhons · 
Bitcoin will regaine its value, and will continue to soar,

In other hand,
I am looking for redfishcoin supporter
A coin design for redfish awareness,
If ever you like to hold some,
Please consider
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@blockchainbros · (edited)
$0.02
I see bitcoin rebounding within the next two weeks! Until then it will stay between 3300 and 3600.(only speculation)
👍  ,
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vote details (2)
@scaredycatguide · 
Sounds good to me.  I would be happy with some consolidating in that range.
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@jesse2you · 
My bet would be on $5,000. by Jan,Feb.    
;-)
Been doubling every year or better since I noticed it here a few years ago.
wish I had been able to have gotten then at $175-$200....
ohh well  steem to my rescue ? will see.
:-)
Namaste
👍  
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vote details (1)
@scaredycatguide ·
$0.02
Steem to the rescue would be nice :-)
👍  
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vote details (1)
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