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BITCOIN PRICE .....Eyes $6,000 in cautious bullish run after Sharp Recovery

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The price of bitcoin continues on the volatile trend after reaching a height of $5,700 before cascading down to about $5,100. The question is "So, is the bitcoin price eyeing $6,000?"

The drop to $5,100 witnessed yesterday turned out to be healthy correction as expected, and the subsequent 'V' shaped recovery could be taken as an indication cash is waiting on the sidelines for a good opportunity. Further, the potential (or perceived) benefits of holding bitcoin ahead of the hard fork in November could also bring in more buyers, leading to higher prices.

However, short-term overbought technical conditions persist. Therefore, the price action analysis suggests there is merit in being 'cautiously bullish' on bitcoin.

In this case, the price action on the following day generally decides the short-term outlook. The fact that bitcoin is well bid today indicates the bulls have been able to carry forward the strong move from the low of $5,100. Thus, prices may jump above $6,000 if the bid tone remains intact over the next few hours.

On the other hand, a negative price action today would confirm a bearish doji reversal. A bullish-to-bearish trend change is likely only below $5,000 (rising trend line support).

FIRE:
Here are some under-priced coins,  I believe their prices would bubble anytime. 

CURRENCY                                     CURRENT PRICE

CLAMS                                               $4.00
Falcoin                                               $0.592452
Ethereum Dark                                   $0.336767
SpreadCoin                                        $0.379812
Litecoin Ultra                                      $0.015341
WomenCoin                                       $0.007643
B3Coin                                              $0.004989
Applecoin                                          $0.001286
Veros                                                $0.000023
Embercoin                                         $0.000023
DimeCoin                                          $0.00006


This is my perspectives on the market, all things being equal.  It is not an investment advice and it is not a forecast!


Friend, Jesus came looking for you. Give your heart to Him, Love the Lord with all your heart, strength and might.  Love your neighbour as yourself, hold no offence, no bitterness - the Lord is near you to help you!


FIRE...




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