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FibnFork
Jul 16, 2018 11:28 AM

Bitcoin $6600-$6700 key area 

Bitcoin / U.S. dollarBitstamp

Description

Having failed to break above ~$6700 since the drop below that level back on June 12th, bitcoin is coming back to test that area. It's the 38.2% slope of the pitchfork & 50% fib retrace off the final push lower from 7th June -> 24th June. Break through this level and a re-test of the long-term median line will be the target. Another fail will push us back to re-test potential "shoulders" levels @~$6000

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