Bitcoin Dancing with the $6,800 Level - Will the Ceiling Crack?
Bitcoin flirted with the 6,800 level again yesterday, briefly poking through before closing lower. It followed that with a small down day today.
$6,800 Question
So we sit and wait to see if Bitcoin can build a rally and push through the 6,800 area. We have consolidated sideways more or less the past week with some intraday action on the high and low targets, but otherwise went a whole lot of nowhere.
This and more in the video below..
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Disclaimer: All info in this post is my opinion and for informational purposes only
Free e-book: ScaredyCatGuide to Knowing What the Heck Bitcoin Is
Disclaimer: All info in this post is my opinion and for informational purposes only
Starting to feel a little more hopeful we might be seeing a trend reversal. If we see 10k BTC looking truly bullish but if we see 12k BTC, we'll see another bull run above 20k!
Yes, we really need to get up in that 7,600 area for me to feel truly confident in a trend change.
Would love to explode through 6,800 to make the shorts take a loss. I'm sure the knowledgeable traders will have their stop losses in place but rookie shorters could get hurt.