FxDollarz
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Bitcoin/USD - Approaching Major $7000 Resistance

BITSTAMP:BTCUSD   比特币/美元
Its been a wild year for Bitcoin             , up almost 700% YTD, but it looks like the party is getting exhausted. Price keeps making new all time highs on low volume , but we are seeing a different story on our RSI momentum indicator . Both the previous two major price corrections were preceded by momentum falling off and once again we are seeing the RSI diverging from price. I will be looking for signs of a reversal in the price action as we hit the $7000 major psychological handle, which coupled with us hitting the top of 2017's price channel might give us a enough resistance to trigger a major price correction. There is also money flowing into Bitcoin             from other alt-coins to take advantage of the upcoming hard-fork and get free 2X coins, this money will look to get back into alt-coins after the fork.
I think we may hit $10K before it turns around.
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FxDollarz Box1515
@Box1515,

If we can break through the upper price channel resistance. I'm not yet convinced we will, but hey you never know :)
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Box1515 FxDollarz
@FxDollarz, at this point I firmly believe whatever happens has already been decided. We're just along for the ride.
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