Technical crypto analysis based on breakout – Sell BTC towards $5,213.0


Sell BTC towards $5,213.0

Techncical Observation

BTC is currently trading with an increasing bearish bias. yesterday, BTC plunged lower and even went below the daily support line $6,969.17 and is still rallying lower. I expect further surge to the lower side but should first break below $6,119.10. If this line is successfully broken, then the price will likely surge to the lower side towards the $2,200.00 handle. On its way to the lower side, the key lines to check for possible reversals include $5,213.00, $5,120.32, $4,542.20 and $3,542.00. A buy position will only be ideal in case the price again gets above $6,969.17.

Trade Signal.

Sell BTC towards $5,213.0

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