Btc seems to be a little shaky still. We are currently bouncing between 6450- 6750. The weekend will be a test as to which direction this market will go in the near future. It is possible to retest 6,000 or jump from here but again guys everyone say it will drop then it will go up..
We are Still Not Expecting Much of an Upward Movement from #BTC as 6800 is the Key Resistance to Break off, and every time its Getting Rejected from That Massive Resistance
Let's Say We Break Above 6800 AnyHow But Still Then 7500 Will Work As Next Strong Resistance and So on
We Can See Some Corrections Up to 6300-6000 Area on BTC, And Then Will Be Waiting for a Pump
Key Levels to Keep in Mind
6000-6100 Support,
6800 Resistance
Below 6000 in Worst Case, We can See 5750-5500 Incoming
Above 6800 Resistance Will Bring it Up to 7500-7600
That's it, Not Much to say About BTC, Just Keep in Mind These Levels.See Above Chart Carefully !
Bitcoin's price has been on a wild roller coaster with investors, but "something that goes up to [around] $20,000 in one year can have a correction," Hayes, the co-founder and CEO of BitMEX, said on "Fast Money" Friday. BitMEX, or Bitcoin Mercantile Exchange, is the largest cryptocurrency trading platform by volume.
"We could definitely find a bottom in the $3,000 to $5,000 range," he said. "But we’re one positive regulatory decision away, many an ETF approved by the SEC, to climbing through $20,000 and even to $50,000 by the end of the year."
In May, Hayes told CNBC that bitcoin would reach $50,000 by the end of the year. He remained bullish on his forecast about the coin, despite a deep retrenchment in the digital currency's price.
Last week bitcoin, the largest cryptocurrency by market cap, fell below the $6,000 mark. The coin was priced around $5,900 Friday 5 p.m. ET, a steep decline from the December 2017 highs of around $19,500. Bitcoin is down 57 percent in 2018.