The Crypto market is bleeding after the SEC turned down Bitcoin ETF request

in #bitcoin6 years ago

Hi guys. This is what happened last year during the first Bitcoin ETF rejection. Some thoughts about it

**Bitcoin Update!!****

As expected we have seen some resistance at the $8,000 - $8,300! Notice how we were not able to close above the top of the zone....since then We have seen some continued bearish prices on #BTC as expected. But dont fear this market is not done going higher yet. Next zone of interest would be between $7,650 - $7,450

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that resistance is most likely from 200 day MA (the price more or less follow it)