My Last BTC analysis I mentioned that we were going down to bounce off the 6300 before moving up again - here we are.
Weekend trading finished with us having tested the resistance levels at 6800 and not being able to break through.
We continue to band between the 6400 and 6800 mark as the market continues to reject a higher price.
We will be experience a reversal at this point as we pass through the 6400 resistance mark and move back up to 6800.
This is likely our last dip into the 6300 range before we break through 6800.
We've been building slowly after we hit lows in the 5000s. Expect this growth to continue steadily over the week. Once we break through 6800 we have other spots like 7200 to worry about.
Its a good day to buy. Otherwise hold!
Weekend trading finished with us having tested the resistance levels at 6800 and not being able to break through.
We continue to band between the 6400 and 6800 mark as the market continues to reject a higher price.
We will be experience a reversal at this point as we pass through the 6400 resistance mark and move back up to 6800.
This is likely our last dip into the 6300 range before we break through 6800.
We've been building slowly after we hit lows in the 5000s. Expect this growth to continue steadily over the week. Once we break through 6800 we have other spots like 7200 to worry about.
Its a good day to buy. Otherwise hold!