BTC faces huge resistance at 6800 + future price targets
Updated
New price targets for BTC!
As many of you already know, bitcoin has been unable to close above 6800 on the daily for quite some time now. It has begun to form a channel, and is attempting a re-test as we speak.
There has been very high market sentiment lately, in regards to regulation, coinbase additions, and new institutional investors in the space. Additionally, around mid August we will begin to see if crypto ETF's are viable.
The chart is pretty self explanatory. I will be offering frequent updates as we see more price action towards our target (thus breaking our previous lower high [indicating a reversal]). I will also be keeping everyone well up to date with relevant news that could influence price action.
Stay tuned.. (:
-Joseph Valerio
SILVER BLOCK CAPITAL
As many of you already know, bitcoin has been unable to close above 6800 on the daily for quite some time now. It has begun to form a channel, and is attempting a re-test as we speak.
There has been very high market sentiment lately, in regards to regulation, coinbase additions, and new institutional investors in the space. Additionally, around mid August we will begin to see if crypto ETF's are viable.
The chart is pretty self explanatory. I will be offering frequent updates as we see more price action towards our target (thus breaking our previous lower high [indicating a reversal]). I will also be keeping everyone well up to date with relevant news that could influence price action.
Stay tuned.. (:
-Joseph Valerio
SILVER BLOCK CAPITAL
Note
Goldman Sachs new CEO, David Solomon, on crypto "We are clearing some futures around bitcoin, talking about doing some other activities there, but it’s going very cautiously. We’re listening to our clients and trying to help our clients as they’re exploring those things too."-this could be the news we need to close above 6800
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