BTC Update

in #steemit6 years ago





Another rejection from $7156 followed by a 2-hour doji hints at short-term pullback

The more resistance is tested, the weaker it tends to get but #BTC needs bull volume and to break RSI resistance to continue upwards

Bearish Scenario:

Double top at $7156 presenting the possibility for pullback - bulls need to make new local high soon and breach RSI trendline resistance to avoid further reversal

Possible right-angled wedge formation

Nothing confirmed yet

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