We have a solid rally ladies and gents. Bitcoin finally found resistance near $7,450 when some bears came in for profit taking. 4-hr RSI reached 85 and now is pulling back a little. On the 4-hr there's a HUGE spinning top doji with a long, long upper wick and BTC started to taper off into consolidation.
Tested support is at $6,770 with $6,630 and $6,200 the floors. Only real resistance is the current ATH at $7,447.50.
The run up has been strong, but it's likely since we saw such a huge pullback from the ATH, that we will enter into a consolidation period.
Happy Thursday and happy trading!!
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