Technical Analysis: Bitcoin - March 12-16, 2018

BTCUSD continue to be in bearish market. Market price is down to $8000 and there is probably to test resisitance level at $6000 that is tail of price action hammer a few weeks ago.

Even that the resistance level at $8000 seems to be strong but there is investors that are expect to speculate to take profit and they have plan to buy bitcoin at lower price.
So it seemes to be that the price will be go down to test resisitance level at $6000 again.
Even the price should not break down under $6000 but it does not a good sign if it is tested too many times.
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