Bitcoin Technical Analysis: BULLS EYEING $6,000

Bitcoin has impressively held onto it’s gains over the last 5 days. It continues to find resistance right around $5,350. Over the last few days price has created a series of higher lows backed by daily volume well above $15 Billion. If new weekly highs are achieved, the next area of major resistance is between $5,900-$6,000.

Earlier today, price retested the prior weekly high of approximately $5,350. This triggered many of the stop losses on short positions…about 27% to be exact.

In today’s analysis I discuss where price may be heading next, market psychology, traps to avoid and so much more. I

About the author: Workin 2005

Crypto: Hated by governments, banks and dictators. Loved by all those who believe in true freedom. Retired airline pilot...full time crypto enthusiast. #Freedom