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RE: BTC looking scary

in #btc7 years ago

I think for longer term / swing traders, price is in a no trade zone between $6850 and $8460.

I think there is more upside potential and downside potential. I think the floor is $6000 as this has been a strong level since the big up move last year from this level.

But in order to move higher, it must contend with sellers at the $8460, $9200 and $9900 level.

RSI is picking up which is a good sign for bulls, but I think we need to get pass $10k before a chance of going higher.

My 6-18 month forecast remains target 1 - $12k , target 2 - $17k.