As we had assumed in the previous review, Bitcoin got out of the zone above $ 7’000 and went down.
Trend indicators show signals to sell both on weekly and on daily charts.
This week bears have been testing the strength of the key level near $ 6’000.
In case of success bulls will be suppressed.
During execution of medium-term and long-term stop-orders the rate can fall to the next strong support near $ 3’000 in short time.
The announcement of greater USA monetary policy tightening which happened the day before yesterday played right into bears hands.
Being aware of importance of $ 6’000 level, bulls will do their best to protect it. Well, the faster and the deeper the collapse in case of breakout will be.
The chance to retain this major border still remains. However, it has been fading every day spent under $ 7’000. Negative news about cryptocurrencies can promote bulls’ capitulation. (for instance, news from USA)
The rise and fixation above $ 9’000 will make us reconsider long-term and medium-term views on Bitcoin.
Profitable deals and follow out reviews!
Trend indicators show signals to sell both on weekly and on daily charts.
This week bears have been testing the strength of the key level near $ 6’000.
In case of success bulls will be suppressed.
During execution of medium-term and long-term stop-orders the rate can fall to the next strong support near $ 3’000 in short time.
The announcement of greater USA monetary policy tightening which happened the day before yesterday played right into bears hands.
Being aware of importance of $ 6’000 level, bulls will do their best to protect it. Well, the faster and the deeper the collapse in case of breakout will be.
The chance to retain this major border still remains. However, it has been fading every day spent under $ 7’000. Negative news about cryptocurrencies can promote bulls’ capitulation. (for instance, news from USA)
The rise and fixation above $ 9’000 will make us reconsider long-term and medium-term views on Bitcoin.
Profitable deals and follow out reviews!
