Bitcoin Jackpots Technical Rebound Zone (BTC/USD)
Updated
Over the last 24 hours, Bitcoin has been trading steadily within the price range of my yesterday's forecast.
This was posted as an update to my last BTC forecast about 24 hours ago:
And here is today's chart for comparison purpose:
Notice that price went up from 7469 to the top range exactly as predicted before it declined to current levels. If the market can hold it together, we may see technical rebound to the area marked 'X' from where we are now, or as soon as price comes down one more time to retest the bottom range close to 7415.
On the downside, if price breaks down from the bottom range, then the next support levels would be 7290, followed by 7000 and finally 6800.
That's all for today. Trade safe and good luck, my friends!
Please hit that LIKE button if you appreciate my work here. Thank you.
Gifts & Support:
BCH: qznk2nnuppn0xszpmx0ruvfzlh7z5ux8r527d05k3f
This was posted as an update to my last BTC forecast about 24 hours ago:
And here is today's chart for comparison purpose:
Notice that price went up from 7469 to the top range exactly as predicted before it declined to current levels. If the market can hold it together, we may see technical rebound to the area marked 'X' from where we are now, or as soon as price comes down one more time to retest the bottom range close to 7415.
On the downside, if price breaks down from the bottom range, then the next support levels would be 7290, followed by 7000 and finally 6800.
That's all for today. Trade safe and good luck, my friends!
Please hit that LIKE button if you appreciate my work here. Thank you.
Gifts & Support:
BCH: qznk2nnuppn0xszpmx0ruvfzlh7z5ux8r527d05k3f
Comment
Good day, everyone! We had some interesting development today for Bitcoin.We saw price pierced through 7415 support (bottom range) and moved straight down to test 7290 support as expected. The attempt was swiftly rejected by buyers who had since pushed price back above 7415 support as a show of strength.
Staying above the 7290 support is crucial for Bitcoin to reclaim its 8000 glory. However, this path is an uphill battle with levels of resistance to cross. In the current bearish bias market, any of these levels could prove fatal to the bulls. Traders who are long should ladder your profit taking and put a stop at 7280.
Please LIKE this chart if you appreciate my work. Thank you.
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