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Cyber Bitcoin
Edited by qqqpeter at 2019-4-3 11:01

Today, the price of bitcoin has soared. I try to find some information on the Internet and I can't get the reason. Zhao Changpeng, the founder of the Binance exchange, posted a tweet and asked "Why?".

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Let's take a look at the technical analysis. First look at the weekly chart of bitcoinwisdom.com:

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The volume and the Bollinger Band are narrowed, indicating that it is to be changed. Before this break through, I am worried as there is a chance to go up and also to go down. At this moment, along the upper line of the Bollinger Band, the long term expectation of the price is good.

Look at the daily chart:

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Bitcoin's last high before the BCH forked farce was $6,454, and the lowest since then was $3,122...

If it rebounds from the low 50% is $ 4,833.

If it rebounds from the low 61.8% is $5,236.

Can the price easily continue to break through, I will observe another day and count...
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