General Tone:
The battering ram fails at $10K range, BTC drops in 8 hours to the levels that took 2 days and 9 hours to achieve. We see the 1 HR charge trend well below the 55 EMA for the first time in 4 days. More signs point to bearish pressure than an uptrend.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction by 2019 - $35,000+
General Tone:
The battering ram fails at $10K range, BTC drops in 8 hours to the levels that took 2 days and 9 hours to achieve. We see the 1 HR charge trend well below the 55 EMA for the first time in 4 days. More signs point to bearish pressure than an uptrend.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction by 2019 - $35,000+
