Post
Topic
Board Speculation
Re: Bitcoin Inching Closer To $10,000
by
exstasie
on 31/07/2019, 20:22:31 UTC
Bitcoin just broke above $10k but bears are applying some heavy pressure. Will the bulls be able to hold this significant level?

Tough to say. On one hand, I think we are nearing a bullish reversal on higher time frames (daily, weekly). On the other hand, the short term price action still looks weak, just sideways grinding without a high volume bottom. I'd like to see a daily close above the July 27th high ($10,235 Bitstamp) before getting my hopes up. This downtrend since $13,200 has been full of fakeouts, so I'm trying to avoid jumping the gun.