has been in another fight this week, attempting to set new relative highs. There has been a lot of selling pressure we have seen a few days, such as today with a few large sell orders on massive exchanges, and then similar experiences on the 10th/11th and 15th/16th. That being said, Bitcoin
is proving strong as ever this past month and has been creating higher lows. Right now we are facing some heavy resistance around $5375-$5,400. If we break above that level, I can see us going to about $5,700 range before correcting a bit. Otherwise, I would be a bit cautious and set some stop losses below support for a potential correction coming. $5,200 is honestly a good spot to put a stop loss if you are trading Bitcoin
on the short term, otherwise, I would hold on for the long run as Bitcoin
is finally showing some great movement!