The BTCUSD price since the good week remains in the horizontal consolidation between the levels of $ 6,092 - $ 6,828. What's more, a consolidation between levels of $ 6,545 - $ 6,695 has also been created and the price currently goes from band to band, from support to resistance. There are no special industry and technology events on the horizon that would result in a break from this narrow price range.
Due to the trend at larger time intervals, it seems more likely to break down and continue the downward trend. Not only that, there are no signs of reversing this downward trend yet.
Even if the price of BTCUSD raises the top to 50% Fibo at $ 6,755, it will still only be the completion of the complex correction WXYXZ (from a technical point of view).
Due to the trend at larger time intervals, it seems more likely to break down and continue the downward trend. Not only that, there are no signs of reversing this downward trend yet.
Even if the price of BTCUSD raises the top to 50% Fibo at $ 6,755, it will still only be the completion of the complex correction WXYXZ (from a technical point of view).
