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Bitcoin (BTC) is down 66.50% from its highest valuation to USD 19,200 on December 17, 2017. Despite the interests of small operators selling BTC, analysts have suggested that BTC could have reached an important support for around USD 6,000. With BTCUSD within the range of 6,000-6,600 a week, technical analysts’ consent remains a “sell”. However, if BTC continues to show such a resilience of more than 6,000, can it skip past the 6,600 points where a number of short traders could have placed their own stopping orders?
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