Crypto-currency market: bitcoin forms a corrective trend - Ester Holdings

Crypto-currency market: bitcoin forms a corrective trend

After the crypto-currency market significantly strengthened at the weekend, on Monday, most of the crypto-currencies traced correction. The BTC/USD pair did not become an exception and returned to the significant support of 7420.000. In this case, this pair has formed an upward correction channel, the lower border of which is at the level of 7420-7340.000.

Failure from this level and closing of the day above 7420.000, in turn, will indicate the growth of this pair to resistance levels: 7630-7700.000 and 7800.00, thereby indicating the prospects for deeper correction and the possibility of growth of the market of crypto-currencies.

Fig. BTC/USD. Current price – 7460.000

Also, read: “Butterfly Strategy – A Universal Approach to Trade”

Dani Leviant

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