BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has suffered quite the badgering this last few months, but it may be nearing a pivitol decision in where its direction should go in regards for the next half of 2018. The obvious answer by a technical analysis standpoint is that there is a bounce incoming, probably to the next resistance level around 7.8k The RSI and Bollinger Band indicate a bounce; as they are oversold. If it does go to 7.8k and fails to break resistance, 5k bitcoin may be a reality. However, if there is no bounce here, and instead bitcoin bleeds out, we may see a long term bear market stretching all the way down to the low 4k range for the rest of the year. Either way-Dollar cost avg your way down, the whales are accumulating, you should too.
Very optimistic
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