BTCUSD Making A Bounce; But Into 6900/7k Resistance!

We talked about BitCoin earlier this week and highlighted that five wave fall from a top, which cause a new recovery now in three waves. This is a corrective move, an A-B-C leg that is approaching a very important 7k psychological level. Watch out for a turn down from here; a drop below the channel support would be very bearish for BTC. On the other hand, rise above Nov 08 high would need a new count.