Bitcoin (BTC) Price Update: 3 Prices to Lookout For!

Hi guys!

Here are my thoughts on bitcoin for today.

BTC - 4 Hour Chart

Tools used: Ichimoku Cloud and Trendlines

BTC - Daily Chart

Tools used: Trendlines

These are the 3 prices to lookout for. If bitcoin have a successful breakout from this resistance the next price I would lookout for is $9,700. You can check the analysis on my previous post.

However, if bitcoin retest the $6,700 support and breaks down the next target would be around $4,000. You can check my analysis 2 days ago.

BTC - Weekly Chart

Note that every time this kind of candle formed (very small candle with long wicks) there is a big move right after it. Check the previous similar candles.

Disclaimer

You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!