2018-7-18 08:58 |
But entering Wednesday, bitcoin is changing hands at $7,370 and showing signs it might continue its ascent.
In fact, when viewed on longer timeframes, it appears that the trend is changing, this time in favor of the always-optimistic bulls.
(You can use the Fibonacci tool to identify where the most likely region of major resistance or support lies).
Any major moves above the neutral Fibonacci extension at 0.5 would add confirmation to the bullish bias for the short term.
Below, we see how volume for bitcoin reached a 3-month high yesterday, almost doubling the amount from the day prior.