Bitcoin ride in area $ 7000 continues
Let's look at the technical analysis and possible scenarios for the next week:
Bulls lost important 7K $ and btc was rejected several times in the field of strong resistance
The following days and hours the BTC will test the secondary support's resistance in the $ 6500 or $ 7000 range
If btc breaks $ 6500, we can drop down to $ 5800 main support
The BTC needs very big volumes to allow the bulls to pass once more and keep $ 7K
We found a new CME GAP in the area of 7150-7300 $, is possible movement into this zone.
On the chart we can see:
Strong resistance - 7000-7200 $
Secondary support - $ 6500
Main support - $ 5800
Trading tips:
Open LONG in the $ 6600-6450
Open SHORT under $ 6450
Bulls lost important 7K $ and btc was rejected several times in the field of strong resistance
The following days and hours the BTC will test the secondary support's resistance in the $ 6500 or $ 7000 range
If btc breaks $ 6500, we can drop down to $ 5800 main support
The BTC needs very big volumes to allow the bulls to pass once more and keep $ 7K
We found a new CME GAP in the area of 7150-7300 $, is possible movement into this zone.
On the chart we can see:
Strong resistance - 7000-7200 $
Secondary support - $ 6500
Main support - $ 5800
Trading tips:
Open LONG in the $ 6600-6450
Open SHORT under $ 6450
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