![Screen Shot 2018-06-15 at 6.20.45 PM.png](https://cdn.steemitimages.com/DQmbr6sL1CCknNr63LcQhWD4G9CE1R6p5iKrebioH73BGUj/Screen%20Shot%202018-06-15%20at%206.20.45%20PM.png)

I'm on the road so this will be quick. 
Looking at the 1 day chart, Bitcoin is reaching the apex of key support and resistance. The RSI is showing the same. One or the other will break.

![Screen Shot 2018-06-15 at 5.57.59 PM.png](https://cdn.steemitimages.com/DQmPaBmiqcPNFu28Cpm2gUMD88vYwop5bSM1KwWhWyS67oA/Screen%20Shot%202018-06-15%20at%205.57.59%20PM.png)

A break above would likely mean a rise at least $7K where it'll find some resistance. If bitcoin can manage to break above $7K, the next area of resistance would be $7,700. Should it break below the support, there's another area of strong support between $6K and $5,800. If bitcoin drops below $5,800, the next level of relevant support is all the way down at $4,450. 

![Screen Shot 2018-06-15 at 6.15.06 PM.png](https://cdn.steemitimages.com/DQmZHcNUoDG5FAoLQSDQijv8qdQ1Wpx2PChQ1EZgxMHJphS/Screen%20Shot%202018-06-15%20at%206.15.06%20PM.png)

From an elliot wave perspective, there are a few ways to count this. The truth is, until we know how bitcoin reacts to the approaching apex, there's no point speculating on which path it's going take. I don't want to spread any false hope, or FUD, until there's more clarity. Let's see how the next 24-48 hours play out. 

**BIAS:**
Short Term: Neutral
Longterm: Very Bullish

**I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Thanks for stopping by.**

## **If you found this post informative, please:**
![upvote.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/upvote.gif)

**If you don’t have an account on Binance, I STRONGLY recommend getting one. They’re usually the first to get reputable coins, have excellent security and second to none customer service. You can sign up here free of charge: https://www.binance.com/?ref=16878853** 

**FYI…I just started a Facebook and twitter page where I’ll post analysis, along with other relevant crypto data from myself and others. If you’d like to be notified as soon as updates reach Steemit, the twitter handle is @Workin2005 and the Facebook page is https://www.facebook.com/Workin2005/**

---
**Published on**
<a href="https://mentormarket.io/"><img src="https://cdn.steemitimages.com/DQmXuk9bWMiPgXdowVfh4JBSGUXMqQkLa1u7ANwzTssgp25/250%20blue%20Overlay%206.png" alt="mentormarket.io" /></a>
by [Workin2005](https://mentormarket.io/blog/@workin2005)
---
<a href="https://mentormarket.io/legal/termsandconditions"><img src="https://cdn.steemitimages.com/DQmY5feG75MDWS57aX2rSUUa8bhzcZEyb5XKZCHY7FUzmXn/Disclaimer.png" alt="https://mentormarket.io/legal/termsandconditions" /></a>

![Bitcoin-High-Volatility.jpg](https://cdn.steemitimages.com/DQmbW31cnmPK1ZwLY54XA8cEKq293e9ebpNaQmeRc3bxs8w/Bitcoin-High-Volatility.jpg)