Bitcoin three days in a row in the positive.

Bitcoin price for a while now has a stable movement and low volatility compared from previous months, and year to date now a huge difference how the market moves, not just Bitcoin but also other cryptos.
At the moment the price of Bitcoin is pushing against the resistance at $7200, if it extends beyond can reach another resistance zone 7600-7900. It is important to be noted, in the situation of low level of volatility and low level of volume to push the movements, we can see the price move between ($6000) $6450 and $7600, and the range for this type of market two months ago was done or broken in just hours in one day. Investors keep being cautious.

At the moment as it stands below $6500 is a good buy and aim to exit above $7100. Be cautious at any time! Good luck. :).

Another thing that not helps at all is Mt.Gox former CEO comments saying lost confidence in Bitcoin, thou not mentioning other cryptos, he experienced Bitcoin in the worst way.

Risk warning!
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.

Author: Blagoja Pazarkoski, mCMI. Owner and Mentor at The Trade Academy.


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