Bitcoin Technical Analysis: Bulls Defend $7,500..for Now
The bears went on offense today, slapping price down from $8,000 to known support at $7,500. Bulls were able to successfully defend this support for now as buyers stepped in and pushed price back up to $7,700. Bitcoin currently is trading around $7,660. It’s approaching the apex of a larger wedge. Daily volume remains relatively strong, just above $24 billion. This suggests a larger move is likely to come in the next few days.
In today’s video I discuss where price may be heading next, key areas to watch and so much more. I hope you find it helpful.
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
If you found this post informative, please:
Open a free account on Binance here:
https://www.binance.com/?ref=16878853
Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
https://brave.com/wor485
YouTube: https://www.youtube.com/channel/UCJqGczdWE99ORopJ5ZUDauA
Twitter: https://twitter.com/workin2005
Facebook: https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy
