TRIFRACT

Bitcoin Is Just Below Resistance - Already Spent A Lot Of Energy

Short
BITSTAMP:BTCUSD   Bitcoin
Alright so Bitcoin already is moving up for 14 weeks to the upside spending a lot of energy and is still below the 6.1-6.2 resistance level. How likely do you think a breakout is from here ? I don't think the chance is very high at all. I am leaning DOWN going forward to the 4k level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.