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BTC/USD: Shows Hesitation on the Upside
That being said, it certainly looks as if we are starting to see the Bitcoin market look a little heavy. And if that's going to be the case, we could very well see a significant pullback, maybe towards the $60,000 level, where we have seen a lot of buying pressure previously. If that does end up being the case, it doesn't really change the technical analysis too much because... Since we had that 92% gain in six weeks, the market has bounced around between $60,000 on the bottom and $73,000 on the top. In other words, we may just end up looking for the bottom of the range again. It'll be interesting to see how this ... (full story)