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Bitcoin struggle

BY: @phedias | CREATED: March 19, 2018, 8:01 p.m. | VOTES: 1 | PAYOUT: $0.00 | [ VOTE ]

Bitcoin is struggling to stay above the .236 retracement from the daily high and close.

It's currently in a bearish trading channel and is bouncing off the top resistance and bouncing off the lower support.

A bullish move would be the daily candle closing above $8400.

A bearish move would be closing below $8200.

We need to see a NEW daily high off the low before we get comfortable with this move.

We have a new trendline that's formed off the previous lows.

So far, things are looking good for Bitcoin.

TAGS: [ #bitcoin ] [ #crypto ] [ #dividends ] [ #passive ] [ #income ]

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