RE: Bitcoin (BTC) Morning Update: How to Remain Calm in a Correction

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Bitcoin (BTC) Morning Update: How to Remain Calm in a Correction

in bitcoin •  7 years ago 

Bitcoin is still trading in a range of symmetric triangle which was spotted in the previous analysis.The current market price is 10200 and it is the rising support area of a triangle. As bitcoin is respecting its support areas from a couple of days, so the chances are it may bounce again from this area towards its resistance level 12800-900.

Please keep in mind once this channel will break it could give very fast and volatile move for at least 2500 to 3000$ either upside or downside.

If the price break upside or resistance, it can touch 15000$ again and the resistance zone is 12800-900.
If price breaks its support level then most probably it will fall to the minimum 6700$ Level.

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