$5800 or $6500 where to next

in #bitcoin5 years ago

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I've been following the Bitcoin charts for the last 24hrs and something wonderful is happening.

Despite the fact that rational thinking and all indicators are pointing that Bitcoin is overbought, the market continued to edge upward.

So far, we have seen some resistance around the $6350-$6450 range and I expect it to go sideways from there.

If that's what happens, alts could have time to breath and pump, some x2, some x3.

But the thought on my mind right now is that a dip is coming.

Around the $5800 range is still pretty bullish for Bitcoin and a correction of that magnitude isn't going to surprise anyone here.

The best case scenario I can possibly say is that Bitcoin ranged wrong the $6200-$6300 zone for about a week and alts can move up again.

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