Quote from: traderperspective on March 08, 2018, 07:45:38 PM

What is your technical take on BTC right now? I am personally in a bit puzzled..
I am looking at the 4 hour chart, and we had a downtrend channel from the top around 18th dec which was (on my chart) broken on the 1st of March. Today we saw a huge volume spike around 9.3k where I also have a support level. I hope we do not break this for real!
IF we really break 9.3k I cannot find any real volume-based support levels before 5.9k!!
How do you see BTC right now? FA is also very welcome!

There is no any technical reason to see the bitcoin spike up and down. When you want to invest on bitcoin you can buy the time whenever bitcoin value goes cheap.
If there any fakes news has been spreaded, any mainstream exchange has been hacked, if anyone the adopt the bitcoin and invest on it in high volume. These all will takes to see the more fluctuations in the market.