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Bitcoin's move that we've all been waiting for finally happened last week. After consolidating for nearly three months, Bitcoin dropped 23% over a few days before finding some stability in the weekly orderblock around $8,000.
This drop may be a shakeout before another move up, but bears currently have the upper hand....
Bitcoin chops in a relatively neutral position, giving both bulls and bears confidence in their positions. The past week's range shows no apparent signs of breaking upward or downward - but the drop in volume suggests that the move is quickly approaching.
Meanwhile, the altcoin marketcap suffered some losses during the las...
The last two weeks gave us another surge upward in Bitcoin's price as the altcoin marketcap holds relatively steady.
The lower 6K range is likely to provide significant resistance for Bitcoin. The most probable direction is down, which would give a healthy pullback. However, Bitcoin is notorious for defying expectations.
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