BTC - 7400$ touched but not able to break it

in #bitcoin5 years ago

Hello all,

Here is the chart of my last analysis :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

So today, we touched the support line at 7400$ but we have not been able to break it and so we can consider it as pull back. However, the reaction of the market has been very weak as we are staying just under the resistance line at 7400$ while a confirmed pull back should create an increase of the drop in this case. So let's see what the market will give us in the coming hours but we should have an increase of volatility in one of the directions.

I wish you massive profits,
Cryptopassion.io

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Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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