BTC, despite all odds, continues to push onward and upward. Be careful... we just ran into major overhead resistance @ the $6100 level. I think a reversal is coming, perhaps to the bottom of the upward trend channel, in light blue. However, there is always the chance that BTC could continue to rally all the way to the angular resistance (white line) and thus be rejected from there. This would be mark a 100% retrace from the November lows, but a major selloff would ensue, probably taking BTC back down to the ~61.8 level. The RSI also looks exhausted and is flirting with oversold territory. We did have a golden cross at the end of April, however a fractal from the 2015 bear market similarly indicates that there is a strong possibility of rejection from the "major overhead resistance" zone.
Pullback is likely. We havent even begun to unravel the Tether/Bitfinex scandal. BCH is looking scammy as well w/ over 50% of recorded transactions coming from one address for the entire last month. None of this is good for the cryptospace.
Pullback is likely. We havent even begun to unravel the Tether/Bitfinex scandal. BCH is looking scammy as well w/ over 50% of recorded transactions coming from one address for the entire last month. None of this is good for the cryptospace.