#Bitcoin, again, held pretty well with our #bear trend #resistance (acting as a #support)(green line). This line has been much more influential that I expected it would. #FUD has been tearing #BTC apart lately. We got pretty close to our next level horizontal support around $7,500 (blue line), but it's hard to say if that exactly what Bitcoin was reacting off of. As of now, we are having a nice push, but I don't see the volume behind it for strength just yet. That's what I'd be watching for. Bears are taking a break for now, but I am not feeling too bullish for the short term; however our #RSI and #MACD are looking strong. We shall see. Stay vigilant! When do you all think BTC will finally create a new high?
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!