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RE: Bitcoin (BTC) Evening Update: What next?
A lot of shortsellers are now heavily in the red given they traded on the margins to "short" - the net result should mean more bulls left in the market to push us up through the resistance levels
Hopefully we can get through it then the biggest resistance at about $11k
Bitcoin has touched the sensitive point at $6,700 and rebounded. Pending buy orders scattered from $6,900 to $7,500 might be one of contributing factors that accelerated this rally.
I agree we are looking a lot more bullish now as I have discussed in my analysis here: https://steemit.com/bitcoin/@investingtips/big-money-accumulation-and-distribution-tutorial-plus-bitcoin-long-term-support-held