Technical Analysis: Crypto-Surge Continues with BTCsteemCreated with Sketch.

in #bitcoin • 7 years ago

Bitcoin


BTC/USD, Daily Chart Analysis

Bitcoin is grinding higher these days, with all eyes on the historic $10,000 mark, as public interest is at associate new level towards the cryptocurrency. we have a tendency to expect a deep correction shortly within the coin, because it remains severely overbought on uncomparable frames, with key support levels ar still found at $7700, $7000, and $6700. That said, a short move higher than $10,000 is probably going, because the uptrend remains intact.

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7 years ago in #bitcoin by
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     7 years ago 

    I will remain a bit bearish at the moment. I see the 1 day and 3 day time frames trending in that direction.

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     7 years ago 

    thanks for your Opinion @pawsdog

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       7 years ago 

      I see these as important support "at at $7700, $7000, and $6700." Consider how quickly it dropped from 11k to 8k, which tells me commensurate drops at an equal or greater speed are likewise possible.

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       7 years ago 

      ya you right @pawsdog

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