BTC/USD: Tested resistance now to test support

• BTC has failed to breach the 10-month resistance trend line currently lined up at around $6,500.
• Bitcoin will now likely test the $6300-$6,350 support area, or face falling to $6,200 and retracing the recent rally.
• 15 Minute RSI is bearish (mid 30s) but with lots of room to drop to oversold levels (ie around 15-20).
• Good 15M volume like yesterday evening which could swiftly change the outcome of a drop or bounce today.

Yorum:

Still sideways trading, rejected perfectly by the resistance trend line three times however. Still expecting a drop to support, or more sideways trading...