It's going to take a while before new money pours back into BTC. Whales stepped in and rescued this free fall near $6000, and pushed it up to $7500 where it currently stands.
Some profit taking/shorting may push it back to recent lows for the month while price consolidates and the market licks its wounds. Many other alts will be diverting money away from BTC so it may take a while before it pushes past heavy resistance at $8000 and again at $9000. After those levels are tested it could be up up up.
***Learning TA, so if you have pointers, suggestions, please feel free to bring critisism, constructive or not. Skinned knees teach the pupil the quickest lessons.
Thoughts?
Thanks again for your input!
Some profit taking/shorting may push it back to recent lows for the month while price consolidates and the market licks its wounds. Many other alts will be diverting money away from BTC so it may take a while before it pushes past heavy resistance at $8000 and again at $9000. After those levels are tested it could be up up up.
***Learning TA, so if you have pointers, suggestions, please feel free to bring critisism, constructive or not. Skinned knees teach the pupil the quickest lessons.
Thoughts?
Thanks again for your input!