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RE: [ Bitcoin ] Bitcoin Breakout. Will the Bulls take control?

in #bitcoin8 years ago
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We slipping to $7400. Not good for the bulls. If this breaks we are going down again.

Oops. $7400 is holding so far. Would be nice to see a breakout to $8100 now.

I don't believe we will see price push back to the 8k range just yet.. technical analysis and market momentum all point towards a short term move below the $7,000 region. Once price make its bottom around the $6,500 - $6,000 region i believe we will see a huge push back above $10,000.

Screen Shot 2018-05-25 at 7.06.54 pm.png

I am sure we will see 10k again, just wondering where the temporary bottom is.

We will certainly be seeing 10k again. It is impossible to pinpoint the exact bottom but the charts are suggesting we will see price drop to $6,500 and potentially even down the $6,000.

That is low