BITCOIN Looking For $7,500
After hitting a bounce at the bottom from oversold conditions on all charts, we saw a nice bounce from Papa Bitcoin and all the other cryptos, starting the first step to a recovery. Right now, there's not much follow through and I'm not super confident in a recovery just yet. However, there's short term hope for some upside still.
BTC broke bullish from consolidation after volumes declined. Now, we're looking at some growth to the upside with a short term target of $7,500.
If BTC falls below $6,652, we are most likely seeing prices slide down and test the low of the bounce this morning.
As always, be cautious. Happy trading!
Its been rough and looks to be still very rough
I agree! Crazy volatility in the crypto world today. Not to mention the dow jones is down a ton in the stock world as well.
Yea crazy how bad the last two days have been for stocks. yikes.