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Bitcoin continues to be very noisy overall, and during the day on Wednesday as it hung around the $6750 level. The market has an obvious support level underneath at the $6000 level, so if we were to turn around and break down through that level, it would be very negative indeed. However, I think at this point its likely that we will continue to see a little bit of support in this area, so I think what we will probably see over the next couple of days is an attempt to push this market to the upside.

However, I think any rally at this point will be short-lived, and I would be more than willing to start selling the first signs of exhaustion after any rally. I believe that the $8000 level above is the ceiling in the market currently, so I would be very surprised if we could rally above there anytime soon.