Bitcoin Price Rejects $6.9K, But Is a Correction Now Imminent?

Bitcoin price can’t break $6,900

The daily chart is showing a clear rejection at the $6,900 level, which is generally not a bullish perspective to look for. For bullish momentum, this area at $6,900 needed to be cleared, through which targets of $7,800 and $9,200 were back on the table.

Weekly timeframe rejects at 100-Week Moving Average

Relief bounce on equity markets

The bullish scenario for Bitcoin

The bearish scenario for Bitcoin

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
P2P Solutions Foundation

P2P Solutions Foundation

WORLDS FIRST SECURE, INTERFERENCE-FREE, COMMUNICATIONS SYSTEM TO PROTECT YOUR PRIVATE DIGITAL ASSETS AND DATA.