Bitcoin

I don't believe BTC has the legs anymore

113
We've have seen some tepid attempts to climb back up above the 12k mark a while back, failing on all three attempts. This plummeted the pair and the reversal should have seen it past the 9.2 mark, but as we saw, for a long time it struggled with 9.2 barely having the energy to go the full distance. The one attempt it was heading beyond 10K, it got flung back down, after fighting again with 9.2 it's lost it's steam and we're now sub 9k.

My confidence that this pair can exist above 8k is slowly diminishing and looking at the downward trend, 12k - 9.2k, I really don't see a rosy future for this pairing.

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