For Bitcoin (BTC) prices, the least obstructed road will be the upward trend, according to the latest technical analysis.
The world's No. 1 electronic currency is trading at $ 6,430 on Bitfinex, up 9% from its August 15 lowest at $ 5,859.
However, Bitcoin in the past 72 hours has had three failures to consolidate above $ 6,500. This may cause investors to question the long-term sustainability of this rebound.
Well today crypto is in the brink of falling and there's still a positive sight on it. We can still see it coming back and rising again. I really believe on its capability to climb back from its downtrend and we should see it. There's a good note on the market situation and we can really see it rising againto from the mud.