Bitcoin, BTC Forecast Update
I have a sense that the hammer low of 6,000 might be retested on Bitcoin, as shown on the weekly chart beneath. From fee motion on this time frame, it seems that measured promoting has been going on ever because it nearly reached 20,000.
Additionally, 6,000 is the approximate median degree of a downtrending channel on the daily time frame. Fee has fallen again into this channel after a failed breakout.
What is does after the sort of retest should be "interesting."
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by lovelyjasica2 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.