We have seen a little bit of life in Bitcoin
today. News hopes is the sign of a turn around. It may be, I hope it is, but not yet, not the big turn around everyone is hoping for. We may not see the huge rush we did a few months ago but I hope to see steady inclines. Buy pressure is not overcoming sell pressure at the moment but when the China markets wake up this could change. We hit resistance near 8k and it held, this could be our new bottom, i hope it is. MACD
is still down but RSI
is up so we may see a reversal in a few days. I am not getting excited for todays
gains, but I hope its a sign of better times.