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Bitcoin Is Testing the Prior Uptrend Line - Game On! by scaredycatguide

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cryptocurrency · @scaredycatguide ·
$44.31
Bitcoin Is Testing the Prior Uptrend Line - Game On!
Well, Bitcoin is in a price battle right at the level we expected!

## Testing the Trendline

After finally making a move higher to the price level around 8k-ish that we targeted, bitcoin finds itself consolidating as the buyers and sellers duke it out.

The question is - who will win?

Will we establish above 8K and get back above the long-term uptrend line and dare I say work back into an uptrend.

Or

Will we fail here, thus confirming the breakdown out of that prior uptrend only to head back down to 7,400 and 6,500 even.

### Game on!

<iframe width="560" height="315" src="https://www.youtube.com/embed/4Ec3oDDUoMw" 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/)</center>
___
<center>![steemittags.JPG](https://steemitimages.com/DQmWtucb9z95znZ6jWgBBFJJoth1UiskdAcbJWWWrJ5zPKX/steemittags.JPG)</center>

Best Regards, 
![600x150EmailHeader.jpg](https://steemitimages.com/DQmQWhzGLmeC7RCJohAuhCmxyD7w5HqUXfHPbR4Ui1HRjBs/600x150EmailHeader.jpg)

Disclaimer:  All info in this post is my opinion and for educational us
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (65)
@ajongcrypto · 
I think we will experience a breakdown to say $7,200 before final up trend
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@scaredycatguide ·
$0.24
I'm cool with that, I have a buy order in at 7,500 ;-)
👍  ,
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vote details (2)
@ajongcrypto · 
Great!
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@dedicatedguy · 
I am confident we will see new ATH eventually, so as I don't trade, I am just holding and patiently waiting.
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@scaredycatguide ·
$0.19
Nothing wrong with that approach.  I have a position that I'm holding long-term as well.
👍  ,
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vote details (2)
@hawtescc · 
Still nervous on the bulls but agree the sideways would be at least a stall of the bears...  this should be a good tell.
great post!
upd and resteem
👍  
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@kuboskeey · 
Thanks for the info, looking forward to be a student you will be proud of soon....😊
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@rollandthomas · 
Nice analysis, based on the upward movement in RSI (yellow line), I think we are going higher vs. lower. 

![](https://steemitimages.com/DQmSjpe9BQdGurQGqtE4fKnWYJ1uQyXQziaMLdRG2qUtHcH/image.png)
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@scaredycatguide ·
$0.09
The positive divergence in RSI is always welcomed :-)
👍  
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vote details (1)
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