Bitcoin: $7158 The most interesting/ important price in Crypto

Bitcoin has been in a decent sized retracement since making a high on 5ht May at more or less the 61.8% fib (B in the potentially forming Gartley). Now $7158 is the price level which really has my attention as it could be C in the Gartley pattern. If that turns out to be the case then many many other Cryptos which are looking for a place to create their C before moving up to D can follow bitcoin.

I am really hoping this is the case as I have a number of really interesting C D legs to trade on other Cryptos!

Comment:

Bitcoin had a nice run up (circa 10%) last week getting back up to the weekly central pivot.

Now price seems to be heading back down towards this weeks central pivot. I hope it touches it, then uses it as support before moving on to higher highs.

Let's see how this week plays out.