Choppy Waters Past 24hrs.
Price attempts to break above the resistance at 6.5k once again.
As long as price can remain above the current support, the next big resistance BTC should face will come around 6.7-6.8k by means of previous support turned resistance and the .618 fib level.
Above that level we have another resistance outlined at 7.1-7.2k.
At the moment we see volatile sideways movement as price attempts to break above resistance.
A good sign for the bulls is the fact price has made higher swing lows over the past few days, indicating sellers have lost the strength to push price lower.
As long as price can remain above the current support, the next big resistance BTC should face will come around 6.7-6.8k by means of previous support turned resistance and the .618 fib level.
Above that level we have another resistance outlined at 7.1-7.2k.
At the moment we see volatile sideways movement as price attempts to break above resistance.
A good sign for the bulls is the fact price has made higher swing lows over the past few days, indicating sellers have lost the strength to push price lower.
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