Last few days have seen quite an explosive buying surge (~ 10 billion usd) in bitcoin, at this moment it's at a strong resistance level.
I'm expecting a good bounce off the 6800 price level (resistance becomes support) which will be a good test for the bulls.
Wait for the signal on the 6800 support level to buy into the next bull run.
I'm expecting a good bounce off the 6800 price level (resistance becomes support) which will be a good test for the bulls.
Wait for the signal on the 6800 support level to buy into the next bull run.
Note
Around 9000 there's resistance, it might drop to previous support before it breaks Note
Watch this level around 6800, on a convincing bounce we could see the start of a bull runNote
broke passed the area of support, negative sentiment is still strong.Note
It broke support, retest of 6600 support line and looking bearishNote
We're still in the wedge, could go either wayNote
6800 is still a key support resistance level and a safe bet to place the buy order. A bit more patience 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.