Sorry for the messy chart. I think Bitcoin has peaked for the time being and needs to test the new support it made on the way up. If we do drop this low we could resume the downtrend so beware.
Comment:
Taking a look at this chart again and things are starting to make more sense. I'm thinking we'll hit support then double top at 9,000. That gives us a target of 7,000 which would hit at the the uptrend we've had since July (and the support formed at February low.)
Trade closed: target reached:
Bitcoin finally Reached the target. Did not follow my path but we got there.