Hi Traders,
An update to the current BTC analysis. Bitcoin is at a critical point, if price breaks the upward trendline which its been holding since January breaks then we can expect to see a large sell-off. However, as it stands it found some support on the trendline and is showing early signs of rejection, albeit not great it is holding the trend and the 200 MA is still yet to be broken. A good rejection will be a great sign for this to push higher again but it should also be noted that if history repeats itself we are due a monthly pullback.
For FREE crypto signals click the LINK below!
Thanks
The Market Sniper Team
An update to the current BTC analysis. Bitcoin is at a critical point, if price breaks the upward trendline which its been holding since January breaks then we can expect to see a large sell-off. However, as it stands it found some support on the trendline and is showing early signs of rejection, albeit not great it is holding the trend and the 200 MA is still yet to be broken. A good rejection will be a great sign for this to push higher again but it should also be noted that if history repeats itself we are due a monthly pullback.
For FREE crypto signals click the LINK below!
Thanks
The Market Sniper Team
