What Is Bitcoin Waiting On?!?! - TeamCrypto Bitcoin Screening: $6,745 (1hr chart)

#Bitcoin has been pretty uneventful lately. The only major movement to report on is that #BTC tested our #bull trend #support (now acting as a #resistance - red diagonal line) and was rejected pretty convincingly. I have a blue support line drawn in the $6,400's to show our latest low, but it hasn't proven itself to be a very strong level just yet. We'll see if we can get a retest here in the near future. I truly expected Bitcoin to have retested our $5,900 level support by now, but it seems to be staying near to this bull trend support of ours.

Bitcoin adoption is still all over the news. Major whales are gearing up to get involved. I feel like people are waiting out the regulators to see how to best proceed. I feel like there is going to be a "GO" point where we're off to the races. I truly hope you are all positioning yourselves well!