[2018-08-04] Wall Street Trader: Bitcoin Price Yarking for a Breakout, Key $6800

[Vladdirescu87]

Wall Street Trader: Bitcoin Price Yarking for a Breakout, Key $6,800 Level

One of Wall Street’s jumbo cryptocurrency maniacs noted that the price of Bitcoin could be prepared for a great breakout if it goes forward to hold close to its current level at $7,500.

Although the price of Bitcoin has cast off roughly $1,000 in just a week following the Bitcoin ETF rejection, it didn’t trade away all the gains it generated during the thrust to the Bitcoin ETF decision and has further succeeded to hold firm over the key $6,800 level.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/wall-street-trader-bitcoin-price-yarking-for-breakout-key-6800-level/

[1715362006]

1715362006

[1715362006]

1715362006

[1715362006]

1715362006

[1715362006]

1715362006

[BitHodler]

I like how the dump to below $7000 today instantly made people realize that the increase of last week had no chance of being maintained. I don't see $6800 being an important level to focus on.

If we're really continuing the long term downtrend we'll demolish every level above $6000 without any problems. Worst case scenario is that the next lower high peak is just under or over the $7000 mark.

We have to face it, with how unlikely an ETF approval is there is no way for the short term market to climb up. I know it's pure speculation, but the 2014 looks similar to how the market is moving right now.