Fundstrat’s Robert Slyumer: Bitcoin Must Rally Through $6,300


Bitcoin Downtrend

Speaking on CNBC yesterday, Fundstrat’s Robert Slyumer has given his opinion on the BTC charts. He believes that the current Bitcoin downtrend can only be reversed if the coin creates a short-term break, through the $6,300 mark.

The Bitcoin analyst studied the Bitcoin 15-day moving average charts from May and said:

“It really is a no-man’s land from a trading standpoint. I think if you’re a very short-term trader… we have a critical stop level at the $5,800-6000… with a resistance level of $6,300-6400. If it can rally through that, I think there’s a …

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