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RE: Bitcoin: How to Read Those Bloody Charts? And My Short Term Prediction.
The clearly corrective price action from the recent swing low suggests there's still lower to go before a bottom. If the consolidation has ended at 6933.11, we'll look for a eventual break of 6450.
Yeah, it got kinda close there at around 7am EST. It hit $6510...I kinda saw that. I expect it to rise again some more before getting close to that resistance levels again.