A decent end to the week for the mined one 16 March
Earlier I reported that Bitcoin was enjoying some end of week consolidation with money coming off the table understandably given the large retreat over the past few days.
In the post I pointed to $8300 providing a cap then and highlighted the next point behind that at $8500 which we're currently testing.
Support now comes in at $8250-8300 with next line of resistance/sell interest into $8750-8800 and larger interest behind that into $9000.
Delicately poised here at $8491 so what do our crypto traders make of it here? Higher still before the day is out, or enough of a rally for the time being?
