Post
Topic
Board Speculation
Re: Bitcoin unable to breach the $8000 milestone
by
Distinctin
on 07/06/2019, 05:21:19 UTC
So, after a very short-lived pseudo breakthrough, we are back to 8000 again.
I told you guys, 8000 is a very tough nut to crack.


I think I noted 8500 as a tough level but it got to 9000 which I guess is typical, maybe its like a speedbump it passes over but is slowed before then reversing.

My take right now is bearish until we can confirm above the 8000 area on a 4hr bar say, ie closing out above or testing 8000 and rising would be bullish
I'll rejoice if we will be back at $8000 again, we are struggling now, but I'm not losing the faith that it's again possible to reach that level, despite market shows a little bearish trend, but bulls are still bigger as it was able to penetrate well this year already, we will be back up again soon, let's just trust.