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BTC/USD Forecast: Drops from Ceiling
The market has been trading between the $100,000 level at the bottom and the $110,000 level at the top. So, it's not a huge surprise that we have pulled back from here. At one point, we had even broken above the $110,000 level to reach the $112,000 level. So, I think it's a zone of resistance as I have marked on the chart. Nonetheless, I do think it's probably only a matter of time before Bitcoin does take off to the upside, but it is going to need some type of value. That value, of course, is found in the pullback and it looks like we're at least starting to get that. We'll see how Bitcoin trades over the weekend. I ... (full story)
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