Bitcoin Faces Another Resistance. Will It Break it?

Bitcoin Faces Another Resistance. Will It Break it?

Bitcoin has been on a rally practically since the beginning of February. Of course, I'm not sure how many would have believed those days to be the beginning of a rally. Maybe the end of the bear market, by the sentiment...

In its way, bitcoin crushed many resistances which we thought to be impenetrable, or at least much more solid. Remember 4,200?

It now faces another resistance level around 6,300-6,400.

Strong one, by all appearances. Will bitcoin crush this one too and go beyond 7k? Or return to 5,500 support after hitting it? Or stay between 6k and 7k for a while?

Let's remember that when the rally started the price of 1 bitcoin was around 3,400. At 6,300 that's a 85% gain in 3 months, most of which in the last 30 days.

It doesn't even begin to compare with the earnings from 2017 - probably shouldn't either, if we don't look forward to another 2 year winter -, but there's still time and FOMO isn't at its peak yet, most likely.

What do you think will happen in the immediate future with the bitcoin price, in relation to this resistance at 6.300-6.400?

• It will crush the resistance and go over 7k

• It will hit the resistance and go down to the 5,500 support level

• It will hit the resistance and go down to at most the 5,800-6k support area, then resume the rally up

• There won't be any strong resistance level; price will fluctuate between 6k and 7k for a while

• None of the above (Please kindly specify your version)

• I don't know

• I'm not interested in price variations

Answer the question at dpoll.xyz.