Technical crypto analysis based on breakout – Sell BTC towards $6,655


Sell BTC towards $6,655

Technical Observation

BTC is currently trading with an increasing bearish bias momentum. Late last week, after a steep rise, the 52 Simple Moving Average swapped places with the 152 SMA, while the price is below all the three Simple Moving Avarages, I expect a spike to the lower side. But today, I expect BTC to trade within a range, not going above $7,229.36 or below $6,655. Within this range, I’m only interested in trading reversals, but in case of any break, I’ll be looking for trade towards the direction of the break.

Trade Signal.

Sell BTC towards $6,655.

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