Finally saw another downward push by the bears. Note the box on the chart. That box represents 48 of the last of 72 days of sideways trading. There is much indecision in the market at this point where it is most experts are saying not trade zone. My guess is that is very sage advice. Total market cap is down, while btc market cap is struggling to stay above 110bln. The 15, 30, MA acting as strong resistance and feel that unless a rally to the upside to break 50MA resistance, will put price back to the 5800-6800 range. Though I have said prior to remember the # 5780, that seems to be the price that has great psychological impact so far and I feel that is the bottom and possibly see a retest. But the bullish in me says if that is hit again, we finally return to upward momentum.
Support 6250
Resistance 6550
Expect another slow day
Support 6250
Resistance 6550
Expect another slow day