Current Bitcoin Thoughts

[EagleCryptoWorld]

Well,
The previous week, bitcoin dropped to $6500 breaking down the weekly main support at $7400-$7500.
This is exactly what I meant in my previous thread.
Bitcoin showed a quick bounce just after losing weekly support and currently trading at $7282 (atm I am writing this thread)
It is common for crypto market to make its highs early on after weekly candle close to confirm the broken support as resistance.
I still have strong arguments for the bearish retest here, however, its a nice bounce but I am not convinced yet for a trend reversal.
The only scenario that can change my mind is the current weekly close above $7500 that can make me to think little bit bullish but we have strong resistances above as well at $8000, $8800, $9500.
If you have any query regarding this, feel free to add me on IM

[EagleCryptoWorld]

Well, the price reached $7800 today, lets see if it can close weekly candle above $7500, that divert me to think of any bullish bias

[tokoyo2468]

bitcoin halving will occur soon in a couple of months

[GRUBBA]

just hold bitcoin.. its only going to go up as people become more educated upon it

[DB014]

Hold what you have and buy more now. You'll thank me later next year .