as of this comment BTC seems to have hit a resistance between 8400-8500... if ti falls through it's going to drop at least another 10-12%. My guess is that it continues to drop. There hasn't been any positive news in the longest time and until that changes BTC is going to trend down.
You are viewing a single comment's thread from:
Interesting, though considering you are mixing up support and resistance - I'll stick with my own professional view :P
It's possible. It's almost 2am :) I'm just a nerd with 8 GPUs mining things :D
Resistance is an upper bound that caps price, support a lower bound that (sorry for the brain dead lack of creativity lol) supports it. So the 8400-500 zone you were talking about was support and if broken and respected, would then become resistance :)