The Next Key Resistance Level To Watch For Bitcoin: Tom Essaye Quoted in Barron’s on MSN
Bitcoin Falls Before Fed Minutes and Nvidia Earnings. Where Prices Could Go Next.
“There is a well-defined uptrend channel in place that leaves the path of least resistance higher,” said Tom Essaye, the founder of Sevens Report Research. “$57,691 is the next key resistance level to watch” for Bitcoin, Essaye noted, referencing a technical indicator that flashed this technical level and adding that “we expect to at least see some hesitation as prices move into the mid $50,000s.”
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