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Bitcoin Continues to See the Same Ceiling

From dailyforex.com

Bitcoin continues to see a lot of issues above, as the market continues to watch the $72,000 level for a ceiling, or hopefully, a breakout. Bitcoin continues to see a lot of trouble and at this point in time the market is continuing to watch the $72,000 level as a major resistance barrier and as long as the $72,000 level holds, then I think we have a situation where you are fading the rally and I think you also have to look at the $72,000 level through the purview of it potentially being a signal. The $60 level underneath is a large round psychologically significant figure that also offers support, but furthermore, I ... (full story)

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  • Category: Technical Analysis