Is this bounce gonna hold? Brace for a bit more turbulence before the climb.

Like I said previously the price action is marked by an increase in market capitalization, Bitcoin has increased in its trading volume and this accumulation is clearly seen in the 6000-6500 range, there's definite support as Bitcoin remains by far the most traded coin in the crypto market and with advances in exchange tech, it's not likely to lose its popularity any time soon. While coins like Tether and Ripple seem more affordable they don't yet compete with the universal appeal and market strength of Bitcoin and no serious crypto investor can expect any other coin to advance in an environment where Bitcoin doesn't advance.

Mostly because most money enters the crypto market in the form of Bitcoin, and most crypto businesses charge their fees in Bitcoin. Hold on for the ride, there could be another pullback before 7000, but once we break above 6800 we should see some growing price action.

Stay tuned and I wish you a low entry, high exit for profits in 2018.

Look out for a slight drop before the next big climb begins. Check out this Wycoff analysis from taylor.ranny on tradingview.com, which is very insightful:

https://www.tradingview.com/chart/BTCUSD/ML26IKPI-BTC-spring-is-coming-Wyckoff-events-and-phases/