Crypto-currency market: bitcoin is forming the figure “head and shoulders”

The pair BTC/USD has been trading in a sideways trend for the past two weeks, thereby forming a figure of “head and shoulders”. At the moment, the pair BTC/USD is in the phase of formation of the top of the second shoulder, which indicates the possibility of a decrease from the resistance levels: 6400.000 and 6500.000. The signal for sale will be breaking through the upward trend line, which will open the way to the prospective line of the neck 6100.000-6000.000.

BTC/USD chart. Current price – 6300.000

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Andre Green

Earn with the help of the trade service on the news Erste News!

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