After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?
I am not really expecting so much right now but at the same time, I am still expecting much. The thing with bitcoin is that we have had impulsive move in both ways before, so that leaves room for any possibility. If we get to see more break further towards the upper resistance and we are able to stay above the upper downtrend line for a while, that may look bullish, but we cannot always say much until we see the response most of the time in the market to some certain levels. That was a pretty quick and huge pump anyway.