Bitcoin most likely short term outlook

in #bitcoin6 years ago

As seen in previous bear trends this year highlighted in gold, after a long dump we will need some sort of consolidation before another drop,

some believe we will bounce up high from this area, I do not.

after we test 5800 I expect consolidation and maybe a bounce to 6200 for up to a week before a sharp drop to 4800-5k once the 5800 is lost.

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Btc is testing the 6548 area if we break that area we should see a nice short squeeze follow through, we could however go down to make a higher low first.

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