I wrote a week ago that 9.2K would be the key battle. I was wrong in that the price drove past 9.2k effortlessly and balked at 9.7k and the .62 fib level. It has since fallen back and is still having trouble with 9.2k. It's flirted with this level for the past couple of days and is loosing steam. Currently trading at 8.9k I wouldn't write the pair off just yet as we've seen some dramatic pumps come of late, but as I said in the past posts, I'd keep clear of the 9.2k (and the .5 fib retracement) scrap.
Th chart is ranging somewhat now and we've entered into an indecisive period. I'm sitting on my hands in the short term until we've established a clear direction, but I still believe that BTC is a good long term investment. We're seeing more positive news around cryptos and block chain in general.
I'd like to see 10k broken and maintained, but it's going to be a rocky road to get there.
Good luck!
Th chart is ranging somewhat now and we've entered into an indecisive period. I'm sitting on my hands in the short term until we've established a clear direction, but I still believe that BTC is a good long term investment. We're seeing more positive news around cryptos and block chain in general.
I'd like to see 10k broken and maintained, but it's going to be a rocky road to get there.
Good luck!