GPI-Legacy
Long

BTC starting to feel bully?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Sheesh what a rough couple of weeks. BTC has been on a downward bouncing spiral of doom for what feel like eternity in the crypto space. In the last few days, we've reached lows seen waay back in the first part of November, which seems to have some good support there at the $5400 range. Great buy for one BTC? We started a uphill climb in the past 4 days to just above what seems like a support at $6425, last seen in April.

What are the next moves from here? It seems like it's going to keep climbing up a bit more, but I feel it's going to see some resistance at $6850. That candle will give us a clues as to what happens next. It could bounce around in this range for a little bit. If it does break past this point of possible resistance, it'll have to make the trecherous journey to $10k. Otherwise, could it head down to the $3500 - $2000 range?

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