We are still lingering just below our resistance trend line here and this is why I am still Bearish for the short term. Until we can break out of this on great news like the Winklevi ETF or the up coming Gemini exchange I cannot see us going past this line or staying above it for too long. There is still too much downside and there are possible trendlines that may be revisited. Honestly I hope we never look back again but the techs are just not flowing with me here on Bitcoin moving above this resistance line. We are still trapped in this cone/triangle.
We did break it briefly at the $294.00 level but not for long.
We did break it briefly at the $294.00 level but not for long.