~4~june: Bitcoin hitting a support level at 7500$
Hello steemians we have this Monday to be a sell of day afther the weekend.
Bitcoin just testing new higher support level at 7500$
Lets look at coin market cap for more details.
We can se the daily volumes staying the same as the previous couple of days around 5 billion dollars.
And that is positive sign for bitcoin.
Bitcoin dominace is growing back up and almost 38% this is do to the sell of period of today.
Bitcoin is slowly growing back some more confidence and this is what the whole crypto market unticipte.
I expect this week bitcoin to test again to break the 8 000 $ resitance.
Good luck to all crypto traders I wish you successful trades
praying for a big bounce
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The previous two daily candles have been very bearish, with the first being an engulfing candle to signal the reversal of trend. The bears have regained controlled and could easily push price back down to the $7,077 region and create a double bottom if its able to find support. The only region that price may stall with its current bearish momentum will be at $7,280 where price previous stalled.