Technical crypto analysis based on breakout – Sell BTC below $6,058.50

BTC –

Sell BTC below $6,058.50

Technical Observation

BTC continues to decline in value and is currently approaching a daily support line $6,058.50. I expect a decline towards this line and should breakout even lower. While the price is below the three Simple Moving Averages, I expect a steep decline to the lower side, and if you’re not already in a short position, you can wait for a breakout below $6,058.50 then pick a short position and have your take profit around $5,124.51. On the other side, only a bounce from $6,058.50 will attract a long position.

Trade Signal.

Sell BTC below $6,058.50

101% Double the volume

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