BTC –
Wave Analysis
Bitcoin continues to shade it’s value despite the previous forecasts that it could gain a momentum to the upper side. We expect further loss in value and if the price can break below the next hour support level 7304.13, then this will be a signal that the price could be headed towards last years lowest low. On the hourly chart above, we expect nothing but a steep decline towards 6745.90 or even lower. If you’re long then its better to get out of this streak now and instead look for short positions towards 6745.90.
Trade Recommendations:
Sell Bitcoin below 7304.13 towards 6745.90
You may check other analytical reviews on FreshForex website. Source: freshforex.com.