Will bitcoin reclaim $7200?
BTC/USD is valiantly defending the 7k level.
A sustained break above $7200 will dramatically change the picture, suggesting a possible trend reversal from the selloff that began 2017-12-17. Further action will be needed to confirm.
Should support at $6800 fail, then the bears will have asserted control, and BTC/USD will be headed for new lows, likely re-testing 5k.
We are at a crossroads. Who will win? Bulls or Bears? This is such a critical moment, not only for bitcoin but for cryptocurrencies in general.
A sustained break above $7200 will dramatically change the picture, suggesting a possible trend reversal from the selloff that began 2017-12-17. Further action will be needed to confirm.
Should support at $6800 fail, then the bears will have asserted control, and BTC/USD will be headed for new lows, likely re-testing 5k.
We are at a crossroads. Who will win? Bulls or Bears? This is such a critical moment, not only for bitcoin but for cryptocurrencies in general.
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