BTC –
Technical Observation:
BTC is currently trading with a neutral bias. I expect a spike towards $6,969.17 but from the look of things, BTC could plummet without making any clear moves upwards. Thus, if you’re not already in a short position, you may opt to pick short positions now towards $6,005.38. If this take profit is broken, then the price will continue further to the lower side with the next take profit at $5,476.75.
Technical Levels
Resistance levels
R1: 7190.05
R2: 7846.06
R3: 9030.68
Pivot
6661.38
Support Levels
S1: 4292.08
S2: 5476.75
S3: 6005.38
Trade Signal
Short BTC towards $6,005.38
You may check other analytical reviews on FreshForex website. Source: freshforex.com.