BITCOIN Leading The Charge In Today's Rally -- Resistance At $6,800

Bitcoin is doing about the best of the major cryptos today. We are seeing heavy resistance at the $6,800 level though. I'd love to see a break and close above this level for the price rally to keep going. Otherwise, it's possible we might be looking at a bear flag on the daily charts.

On the daily we can see declining bull volume, but also a supported short term up trend line. These could very well turn into bear flags that pull back once we hit the longer term down trend resistance line.

All charts are showing the difficulty of getting over the $6,800 level, so this is really going to be a key price resistance that needs to see a break with bulls showing up in numbers.

I was hoping for a lot more follow through during this bounce. For now, it's still indecisive which way this market will go. If we don't see the $6,800 level break soon, I will be leaning heavily toward a bear break having prices fall below the short up trend line.

Stay safe!