BITCOIN Pulling Back Slightly But Still Supported By Trend Line

in #bitcoin8 years ago

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I gotta say, I'm pleased with the new Steemit site and layout. Fingers crossed for no more issues.

Anyway!! Bitcoin is pulling back slightly on the shorter charts, but still in an upward looking direction. The trend line which has been carrying BTC upward and onward for a month and a half seems to still provide plenty of support. A break and close below this line would almost certainly indicate trend reversal, just due to the support it's provided.

Price levels, $6,000 is still the extreme upper resistance. We might see BTC have a struggle to get above this level for the short term.

For support, we at still looking at $5,792 and $5,701 with $5,483 on the low end.

Hope everyone is having a great day!

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Hey everyone..i know this is maybe off topic but do you know anything about litecoin too?
I recently invested with website www.shopzoro.us and i received about 2 BTC back...so i am very happy now but should i reinvest it or sell it what do you suggest regarding bitcoins? Will it go up, down?
Thanks

The trend is your friend and that is a powerful uptrend.

Hard to be against it.

BTC is a Teflon asset. Just buy and hold onto it.