BitcoinShort
BTC to see 5,800$ & 5,400$
CryptoAST BTC USD Breakdown
On our last breakdown of BTC, we stated that we would be seeing bullish activity continue to 7400$ and thereafter, we would be seeing bearish price action to the 5,823$ level - once again EXACTLY this occurred.
Now, we will conduct another breakdown of BTC to re-assess the situation with BTC currently trading at 6,773$
- We can see on the daily chart that after a rejection of 7400$ had led to price depreciation to the 6,556$ point, whereby support was found. Now, we expect price to break this level and continue bearish price action to 5,823$, and we believe that at this level support will be found. None the less, that will only probably lead to price ascending to the 6,556$ level, which was previous price support and then price deprecation continuing to 5,200$ and even more so to the 4950$ price level for support.
- IF the 4950$ price level is broken, then that will lead to clear price depreciation to 4,213$ for BTC.
- We can observe that the bears have a strong grip on price at the minute and our downward targets are bound to be met.
- In addition to all this, we believe final price targets for the bull run to begin are 2,800$ and even 3,300$
CHECK OUT OUR TELEGRAM CHANNEL DOWN BELOW FOR TIMELY UPDATES AND EXACT ENTRIES!
On our last breakdown of BTC, we stated that we would be seeing bullish activity continue to 7400$ and thereafter, we would be seeing bearish price action to the 5,823$ level - once again EXACTLY this occurred.
Now, we will conduct another breakdown of BTC to re-assess the situation with BTC currently trading at 6,773$
- We can see on the daily chart that after a rejection of 7400$ had led to price depreciation to the 6,556$ point, whereby support was found. Now, we expect price to break this level and continue bearish price action to 5,823$, and we believe that at this level support will be found. None the less, that will only probably lead to price ascending to the 6,556$ level, which was previous price support and then price deprecation continuing to 5,200$ and even more so to the 4950$ price level for support.
- IF the 4950$ price level is broken, then that will lead to clear price depreciation to 4,213$ for BTC.
- We can observe that the bears have a strong grip on price at the minute and our downward targets are bound to be met.
- In addition to all this, we believe final price targets for the bull run to begin are 2,800$ and even 3,300$
CHECK OUT OUR TELEGRAM CHANNEL DOWN BELOW FOR TIMELY UPDATES AND EXACT ENTRIES!
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