Bitcoin Analysis: Trouble ahead?

in #bitcoin • 6 years ago

The previous Bitcoin analysis (https://coinanalyst.investments/2018/09/13/bitcoin-analysis-5/) did put the current price action in proper perspective, and is crucial to the future progression of Bitcoin.

BTC today.png

Price action remains within the range anticipated, maintaining a sideways channel from ~$6885.70 and $6,190.30. The 6 hour time frame Relative strength index (RSI) does favor more bearish momentum, which implies the possibility that support will be tested.

A break below $5,839.30 = more selling to come.

Interested in Cardano (ADABTC)? Check out the previous analysis below:
https://steemit.com/cryptocurrency/@cryptotrader0029/cardano-price-analysis-live-update

#trading #crypto #cryptocurrency #investing
6 years ago in #bitcoin by
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     6 years ago 

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