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Bitcoin Forecast: Likely to Rollover Again
Bitcoin initially surged during the opening hours on Friday, but as I had been talking about previously, the first major resistance barrier was going to be at the $7000 level. By the end of the trading session, the market had pulled back from there rather significantly to form a bit of a shooting star. That shooting star of course is a very bearish sign and if we break down below the bottom of it, basically the $6000 level, it’s likely that the market will roll over and continue to go lower, with an eye on the $5000 level initially, and then possibly even as low as $4000 again. That being said, the market can break ... (full story)
