Bitcoin Relief Rally Leaves Us Wondering What's Next
steemleo·@scaredycatguide·
0.000 HBDBitcoin Relief Rally Leaves Us Wondering What's Next
So after aggressive selling the last couple weeks we finally saw some relief as priced rebounded during this week. It was a well needed bounce, but the question is will it be anything more than just a relief rally now that the oversold conditions are being worked off. ## Any Follow Through?  #### Flirting with the prior support after hitting the 10 day moving average As you can see price bounce to a familiar level churning around the 7600 area before running out of gas and selling of a bit today. That price area saw support to 7400 so a close above there still gives us a chance for a continued price push. A close above 7600 would be ideal though. If price sells off some more and finds itself down toward 7200 then the sellers are still clearly in control and just took a little break. It's all probabilities and this is my opinion so we shall see what happens. <center></center>
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