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Bitcoin Makes a Higher Low as it Battles 6,400 Again by scaredycatguide

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cryptocurrency · @scaredycatguide ·
$24.83
Bitcoin Makes a Higher Low as it Battles 6,400 Again
The good news of late is that bitcoin is working toward positive price action, so that is a step in the right direction.

## Bitcoin's Higher Low

So with the bounce over the past few days bitcoin has technically formed a higher low on the daily chart.  

That is the first real item of positive price action we have seen in some time, barring the break of the descending channel which is more of a neutral action anyway.

I discuss this and the potential upside and downside targets in the video below..

<iframe width="560" height="315" src="https://www.youtube.com/embed/eo3hdDYXPxY" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe>

![Steemit_txtdvidr.png](https://steemitimages.com/DQmQALmjjiQfvMZNBY1AtHwNiZLf6jnD6P1yuGe4v25iHRe/Steemit_txtdvidr.png)

#### <center>Need to learn the basics about bitcoin, the blockchain and wallets?  
Free e-book: [ScaredyCatGuide to Knowing What the Heck Bitcoin Is](https://scaredycatguide.com/scaredycatguide-to-bitcoin/)

![steemittags.JPG](https://steemitimages.com/DQmWtucb9z95znZ6jWgBBFJJoth1UiskdAcbJWWWrJ5zPKX/steemittags.JPG)

![Scaredy Cat Guide Logo_FBcoversize2.jpg](https://steemitimages.com/DQmVxSVesocN4455goVSNEydGgs7sQqBrS4DGHw94qrP5sT/Scaredy%20Cat%20Guide%20Logo_FBcoversize2.jpg)

**Disclaimer: All info in this post is my opinion and for informational purposes only**</center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (62)
@rollandthomas · (edited)
Nice analysis...until we range the range from $5800 to $6800, Bitcoin price action is like watching paint dry on the wall.
👍  
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vote details (1)
@scaredycatguide · 
Yup, freaking range bound.  UGH
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@simplibrand · 
@scaredycatguide i have read an article it shows most of the countries banned the Bitcoin because 80 percent bitcoin handled by chinese hanckers. Please suggest is this news correct or not?
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@scaredycatguide · 
I've also seen articles touting this data.  Whether it is factual or not I am not sure.  Technically someone could dig through the blockchain to find out, but that's out of my realm.  I'm an investor/chartist as opposed to a developer.
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@steemitboard · 
Congratulations @scaredycatguide! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

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@surikowstepanuk · 
@scaredycatguide, you are interested in reading, maybe you read me too
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@verifyme · 
@scaredycatguide You have received a 100% upvote from @taginspector because this post did not use any bidbots and you have not used bidbots in the last 30 days!

Upvoting this comment will help keep this service running.
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