However, the past two times the price of Bitcoin has tested the resistance, it has been rejected.
Currently, the price is moving in an supported by increasing the previous 4 days. In congruence with , the had a crossover on 9/9/18, and the is rising. Moreover, the looks as if it may crossover which would support more movement.
All of these factors could culminate in such a way that, if the price breaks the 0.382 fibonacci resistance, we could test the bottom of the at the 7k mark.