Bitcoin<\/a> market has shown itself to be a bit soft in the early hours here on Friday, as we had recently in the last couple of days at least broken out above a major resistance barrier. A little bit of a pullback does make a certain amount of sense as traders will be looking for value to get re-engaged. And that\u2019s exactly how I\u2019m looking at the Bitcoin market as a market that should eventually go higher but also may have to give back a little bit after this massive expenditure of energy. The $110,000 level does offer a little bit of support. And after that, we have the $106,000 level, which I think also is very supportive. And I do think a lot of people will be paying close attention to it.<\/p>\nWith this being said, I believe that traders will be very interested in any dip that we get with Bitcoin, as it has clearly shown itself to be very strong. Where we end up, I would guess about $120,000 based on the fact that that does tend to move in $10,000 increments. But really, at this point time, it comes down to your timeframe. If you have a high enough timeframe, you may not care, and you may simply hold on for an even bigger move. I think it probably breaks above the $120,000 level as well, given enough time. We\u2019ll just have to wait and see.<\/p>\n<\/div>\n
[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Bitcoin Technical Analysis The Bitcoin market has shown itself to be a bit soft in the early hours here on Friday, as we had recently in the last couple of days at least broken out above a major resistance barrier. A little bit of a pullback does make a certain amount of sense as traders will be looking for value to get re-engaged. And that\u2019s exactly how I\u2019m looking at the Bitcoin market as a market that should eventually go higher but also may have to give back a little bit after this massive expenditure of energy. The $110,000 level does offer a little bit of support. And after that, we have the $106,000 level, which I think also is very supportive. And I do think a lot of people will be paying close attention to it. With this being said, I believe that traders will be very interested in any dip that we get with Bitcoin, as it has clearly shown itself to be very strong. Where we end up, I would guess about $120,000 based on the fact that that does tend to move in $10,000 increments. But really, at this point time, it comes down to your timeframe. If you have a high enough timeframe, you may not care, and you may simply hold on for an even bigger move. I think it probably breaks above the $120,000 level as well, given enough time. We\u2019ll just have to wait and see. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":46785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-46784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t