Very important level for Bitcoin, making higher low, and close to the decision point.
Price rejected the 6550$ area and formed symmetrical triangle with support area of 6100$.
Waiting at this moment for price action - 50% up/50% down, so far the price has showed poor performance and still under SMA 200 so bulls need to show their serious balls.
Price rejected the 6550$ area and formed symmetrical triangle with support area of 6100$.
Waiting at this moment for price action - 50% up/50% down, so far the price has showed poor performance and still under SMA 200 so bulls need to show their serious balls.
Comment:
still in the triangle, the final countdown before big move :]
Comment:
Interesting move, price is very close to break up the triangle.
Very probable scenario is 7400$ - retest 6500$ - up to 8600$.
Very probable scenario is 7400$ - retest 6500$ - up to 8600$.