If any technical traders out there are looking at BTC, what do you see? I am not a technical trader, though I do know some of the patterns and retracement levels. To me it looks like it tested 5500 two times but got rejected. Furthermore, it now looks like a W, so that we can (technically) expect BTC to go up again, unless we have to test level 5500 again.
What do you see?
I am not good at reading graph too as I don't fully grasp the technicalities behind it that is why I just read the analysis of some traders that am following. I think you were right as Bitcoin right now has finally breached again the $7,000 level and it can be going to test the $7,500 level again. After being sluggish for some days while it is still settling the dust due to the so-called 'civil war' between Bitcoin and BitCoinCash, we are witnessing today a big resurgence. As to whether it can be able to maintain this run, that is what we would love to see though am personally confident that maybe this time Bitcoin is back with a big vengeance. Those who were able to buy some Bitcoin while at dip are right now smiling watching the price go up slowly but surely. Congratulations for keeping the faith alive!