Bitcoin temporary losing momentum

20 nov 2017

The situation right now seems similar to when we faced 6k and 7.5k resistance. Bitcoin is touching 8k at the moment but is not confortably crossing the line. It's losing momentum and trend seems to be declining a bit. I therefore think bitcoin will drop back to find support at 7500 in the next week. It seems likely support lines will push bitcoin back up and give bitcoin the momentum to finally cross 8k.