Bitcoin Spikes....and then Fades...
If you looked at the bitcoin price this morning you will not see much of a different, however the chart tells a much different story...
Overnight there was some much speculation regarding Tether (AGAIN) and if it was actually backed with US dollars. Many people have been dumping tether which allegedly was the reason for the spike that you can find more information here. source
You can look at the spike and notice that on other exchanges the prices stopped at exactly the resistance of 6800. this level is VERY important. We are still in the range and all it is doing is chopping people up for now.
I am currently 50/50 on either way and quite frankly I do not care until it breaks.
Published on
by heyimsnuffles
It'll go up one day
Keeping my eyes peeled.... Random crypto seems to pop up these days. But all seem to get dragged back down by bitcoin. I wonder when we will see a decoupling of alt coins from bitcoin....