$6.6K: Bitcoin Price Eyes New Target for Bull Reversal

in #bitcoin6 years ago

Bitcoin is showing signs of life, but only a break above key resistance at $6,675 would confirm a bullish reversal, technical charts indicate.

This article is full of short term trading targets that are important for technical analysis, the first being the $6675 target. I'm not a huge believe in technical analysis but there's enough people out there that do to make it important to monitor. The article goes on to say that the next target, a bigger target, is the $6924 price which is the 50 day moving average. Well, it gives us some prices to monitor to make the waiting more exciting anyway....

Read the full article here...
https://www.coindesk.com/6-6k-bitcoin-price-eyes-new-target-for-bull-reversal/

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Bitcoin around $6350 right now, let's see, only $300 away from first target....

When $10,000? When moon? I seriously miss the days of $10,000 and above. $6,000 range has almost become the new 2018 price norm for bitcoin.

Lol, I hadn't heard the 'moon' term in a long time.

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