BTC now trading around 6750. As you can see in the image below we are trading in this upward channel. Soon we could hit the 7000 resistance. We think if we hit this 7000 resistance, bitcoin will see a correction back to 6800 and prepare to break the 7000 resistance once and for all. Why are we so bullish? First of all we have seen a lot of good news these days. Second of all we have stayed above the 20 EMA and ethereum is also above this 20 EMA now. Third of all the two EMA's are crossing (10 with 20) this is also a indication of a rise in price, as we have seen it happen in the past.
As usual, play it safe and set a stop loss! If the price is near the 7000 mark we will update you guys again.
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We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading signals are purely informational.
