Bitcoin Trend Still Down: Watch This Level
InTheMoneyStocks.com | Sep 14, 2018 01:30PM ET
Bitcoin is still making lower highs, even though the cryptocurrency has seen slightly higher lows. The key is going to be when bitcoin trades back above $7,000. There is a trend line connecting all the recent highs going back to early 2018. If BTC can bust above that level, it will likely take out the high at $7,350 and make a higher high. Once that happens, institutions will start buying heavily and upside could be back above $10,000 within months.
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