Getting tired of the "Bitcoin dumped from 20k to 6k because Tokyo whale sold 40k Bitcoins" narrative.
Bitcoin has done many 30-70% retraces since 2011 and its a part of the cycle.
The GoxTrustee only acted as a catalyst which otherwise would have taken a long time.
Weekly BTC Chart it looks pretty good.
If we can hold this 8,500 area and keep this higher low I think thats a really strong indictor that we could be returning to a bullish trend very soon!
12k area Resistance is strong! If we break it the Bulls are back! bitcoin.
☆What do you think ? Let us know in the comment!
