Analyst: Inverse Bitcoin Price Chart Points To Bitcoin Reaching “At Least” $6,1307.6

The entire crypto community of traders, analysts, and investors alike are all watching Bitcoin closely, as the digital asset reaches an important inflection point in its life as a financial instrument. As traders seek to predict not only the direction of Bitcoin price, but the price target itself, oftentimes a chart will be turned upside-down to gain an unbiased and unfiltered look at support and resistance levels, as well as any patterns that may be playing out.

One particular analyst has flipped a high-timeframe Bitcoin price chart on its head, hoping to glean additional insight from it. According to the “support” levels, which are actually resistance levels, the trader says Bitcoin “is heading to at least $6,130.”

Original source
https://www.newsbtc.com/2019/05/08/analyst-inverse-bitcoin-price-chart-points-to-bitcoin-reaching-at-least-6130/

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