Over the last few days the bears on GDAX have been less aggressive but they are still around. The bears could be setting another bull trap, or we might be finding support around 7k.
A few things to note:
• Death Cross Spotted on the 29th and has pinned us below $7000
• New resistance forming at $7000
• If we don’t break through $7100 soon, we will likely see $5800-6000 BTC
• My target buys are at $6200 and $5800 at the moment
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Thanks for looking!