Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, March 30

in #bitcoin • 7 years ago

BTC/USD
Bitcoin has broken below our stop loss of $7,600, and our position initiated at $8,800 has been closed. We had suggested long positions because we anticipated a pullback once the digital currency broke out of the descending channel, but we were wrong.

BTC price------------

The bears strongly defended the 20-day EMA and pushed prices back into the descending channel once again.

There is a minor support at $7,000 below which the BTC/USD pair will retest the February 06 lows of $6,075.04.c21798447467263797df19b7410df8a9.png

The bears strongly defended the 20-day EMA and pushed prices back into the descending channel once again.

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7 years ago in #bitcoin by
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