Description
⋅ Last few days have seen quite an explosive buying surge (~ 10 billion usd) in bitcoin, at this moment it's at a strong resistance level.
I'm expecting a good bounce off the 6800 price level (resistance becomes support) which will be a good test for the bulls.
Wait for the signal on the 6800 support level to buy into the next bull run.
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⋅ Around 9000 there's resistance, it might drop to previous support before it breaks
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⋅ Watch this level around 6800, on a convincing bounce we could see the start of a bull run
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⋅ broke passed the area of support, negative sentiment is still strong.
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⋅ It broke support, retest of 6600 support line and looking bearish
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⋅ We're still in the wedge, could go either way
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⋅ 6800 is still a key support resistance level and a safe bet to place the buy order. A bit more patience