The bulls run hard yesterday and went through the $8550 resistance on Bitstamp up to $8973. But now the Bulls have run out of steam and there is a pull back. Currently we are at $8385. That fall, or consolidation has happened in the last 11 hours.
I trust it will consolidate at $8385 and go up again from here. If it does not it can go down to $8041 or $7826 where there is strong support. This is not the first time this support had to hold and every time we get to this support it gets weaker and the chances of falling further increases a lot.
Here is the short-term view from Dan at The Chart Guys:
Here is the lighter side of things from Crypto Daily. He is very positive:
What do you think of the current bitcoin price?
Please give us an Upvote if you think this info was helpful. It will help my online business a lot and I hope to return the favour soon.
Thank you. :)
PS. Hot tip 1, Remember don't upvote this post if older than 7 days, you are wasting your voting power!
PPS. Hot tip 2, when buying upvotes, do it in the first 3 to 15 min of posting. You get 90% to 100% of curation rewards.
PPPS. Hot Tip 3, upvote your own post in first 3 min. You will get all of it back.
Thank you for your support.
Regards
Colin Brazendale
Email: cwb197@gmail.com
Facebook: https://www.facebook.com/colinbrazendalesinternet/
Youtube: https://www.youtube.com/user/czb1972/
More information about me:
I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.