[ Bitcoin ] $10k is holding. Next Move? What do the expert say…
Bitcoin has been moving downwards for the last day or 2 after reaching $11030 on Bitstamp. Is this just consolidation before the next big move?
I am glad to see that we bounced of $10236 last night, but it will be even better if we can break $11030. We are currently at $10617 and I am wondering if we will go back to $10236 before a bounce above $11k od will we go the other way and fall to $9313?
In times like these I go to the experts for more info and direction.
Dan at The Chart Guys is seeing a potential equilibrium pattern forming on the daily candle chart. He is watching for a pull back above $9313 to from a higher low which will be good for the Bulls. If $9313 does not hold, we are likely to see lower lows and that means we could go back to $6000.
Tone Vays is neutral on Bitcoin. He does not recommend any trading, up or down, for now.
What do you think of the current bitcoin price? Are you holding, selling or buying?
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