Technical crypto analysis based on breakout – Wait for a buy position

BTC –

Wait for a buy position

Technical Observation: After a drastic decline in value, BTC is now showing signs of bouncing from the hourly support level 6031.85. This is a key level and as long as the price remains above this level, we expect a possible rebound from it to pick a long term long position with an ultimate target at $8,311.10. On its way to the lowerside, the key lines to look for include $7,053, $7,680.70 and $8,311.10. And should the price breakout below $6,031.85, then this will be a good place to look for long term short position. Trade Signal. Wait for a buy position

101% Double the volume

!Attention!
All bonus participates in drawdown!

FreshForex cancels commissions!

You may check other analytical reviews on FreshForex website. Source: freshforex.com.