Bitcoin recovered to a price level above $7,500. The coin price dropped before because of the criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies.
This is an important spot for bitcoin here, below 6500 opens up new lows. Lots of people setting stops at that range.
pretty choppy / range bound action here for a while now. curious to hear where some of you guys ultimately see this resolving.
I see a fairly critical ascending support line dating back to last October. As long as it holds that, slow steady long-term growth, but once it's broken, look out below.
I like this level. Been buying the drops as they bottom. Not huge buys, but average in. My analysis, back to 8k level a couple weeks. Then blast off. But, who knows?
So far this drop has been fairly typical of a bubble deflating, but if this really is a bubble deflating, then the real bottom is still a long was out.
Ok, that time below $6000 was not as bad as I expected. There have been at least two strong buying spikes so far, but resistance has not let up yet.
