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RE: Bitcoin - It's Alive! (and the whole crypto market finally catches a bid)
Great call and nice analysis. The Bitcoin buyers took out the sellers at $8000, next battle for the buyers will be against the sellers at $8500.
The 8k battle isn't exactly won quite yet, but then again I suppose it depends on what exchange one looks on. I'm wondering if we are gonna fail here now that BTC is hitting it's head on trendline it failed at.
I don't see any more sell orders at $8k. Most break out retrace, so the floor is $7k. Price also has to overcome the daily trendline. However, the momentum is on the side of the buyers at the moment and RSI is heading upwards...we shall see.