Bitcoin holding very minor resistance at 7700
|Bitcoin
Bitcoin holding very minor resistance at 7700 to break 100 day moving average at 7550/7500 & target 7150/7100. Exit all remaining shorts. We then test very important support at 7000/6900. If this is the beginning of a new bull trend over the past month then we should hold here & if you believe in the bitcoin story, try longs with stops below 6750.
Failure to hold above 6800 puts bears back in full control of this year's bear trend. Expect a further collapse to 6550 & July low at 6250/10 but further losses are likely.
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