Crypto-currency market: bitcoin corrects positions

At trades on  Tuesday BTC/USD and most of the crypto-currencies received support on the general flight of investors from risks, which allowed this pair and the market to deviate from the minimum.

As a result, the pair BTC/USD retreated from the monthly lows, but maintains a downtrend, which allows us to regard transactions for sale from resistance levels: 7420.000 and 7630.000 or the formation of a reversal. The support levels and goals were located at 7010.000 and 6800.000.

Fig. BTC/USD. Current price – 7340.000

Also, read: “Fundamental analysis: Inflation and the impact of its indicators on world currencies”

Dani Leviant