[ Bitcoin ] Bitcoin Bulls taking a break?
Bitcoin had a great run this week and run to $11284 on Bitstamp yesterday. So we did break $11 even for a short time. We then saw a double top at $11284 and then the bears came out to play.
The bears took us down all the way down to $10192 in the last 12 hours. We then saw a rebound to $10600. So it looks like the 10k level is new support.
So where are we going from here? More consolidation and then up to $11k again? The RSI was overbought at $10853 so the pullback was overdue.
Here is the latest from the Chart Guys. This was recorded 12 hours ago and Dan predicted this pull back:
Tone Vays gives us a more longer term view on the bitcoin price. He also has a chart indicator that helps him decide to buy or sell bitcoin:
What do you think of the current bitcoin price? Going up or down from here?
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