Technical crypto analysis based on breakout – Wait and Buy BTC at $6,933.23

BTC –

Wait and Buy BTC at $6,933.23

Technical Observation

Recently, a false breakout was seen when the price went below $6,933.23, BTC rallied higher but is currently showing signs of plummeting. I expect the price to plunge to $6,933.23 where I’ll be looking for long position with my take profit being $11,603.60. On the way to the upper side, the key lines to look for include $9,212.95 and $11,077.95. If these lines are clearly breached, then we’ll expect a possible rally towards $16,635.65 and may go higher. On the other side, in case the price plunge below $6,933.23, then I’ll expect a rally to $6,135.70.

Trade Signal.

Wait and Buy BTC at $6,933.23 towards $11,603.60

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