Bitcoin Narrowly Avoids 7 Consecutive Red Daily Candles
Nothing to see here or worry about, Bitcoin is $10,160 at the time of this writing and I think we will be looking good heading into the weekend. If it does drop under ten large, buy some cheap BTC!
“The last time that BTC posted seven red daily candles in a row was heading into the start of August 2018.”
Bitcoin’s $780 Price Recovery Makes Friday’s Close Pivotal
“Bitcoin created a bullish hammer candle yesterday, making today’s UTC close pivotal. A close above $10,380 (candle’s high) will likely invite stronger buying pressure and yield a rise toward $11,000.
A high-volume move above $10,822 would confirm a triangle breakout on the daily chart and signal a resumption of the rally from $4,000.
Prices may fall back to Thursday’s low of $9,600 if the cryptocurrency fails to hold above $10,000 in the next 24 hours.”