BTC Resistance at 6500 USD was tested 7 times in the last 7 days

[bitman007]

Hello Friends ,

Here is my bitcoin analysis hope it may be helpful in trading decision.

In the #BTC chart: Resistance at 6500 USD was tested 7 times in the last 7 days

==>> (see chart with comments).

First attempts were repelled explosivel.

. But resistance became weaker during the last hours.

We'll keep watching and act accordingly .

Thanks and Good Luck 

[MarkInvestment]

Are you suggesting that these prices are set?

[williamshennie9]

If it does manage to break that resistance level, it will shoot up in price, and I think that resistance level will become the new support level.

[Dan]

This is some valuable information, has something like this ever happened in the past? I wonder if its worthwhile taking advantage of this trend by shorting at $6500 and buying back in at $6000? With the right stop losses if this continues it could be a valuable money making strategy.