Crypto-currency market: bitcoin remains near significant resistance

Previously published bitcoin expectations are still valid. But, because of the general weakness of the American and the formed flat on the pair BTC/USD, a noticeable increase in the trading range is possible.

The pair BTC/USD is traded in flat on the decline of the American, and bitcoin remains in overbought. In this case, the overall downtrend in the pair is maintained. The return of the pair BTC/USD under the level of 7420.000, probably, will indicate the resumption of the downtrend. But it is also possible to test the resistance levels at: 7550.000 and 7630.000. Support levels: 7200.000 and 7000.000.

Fig. BTC/USD. Current price – 7460.000

Also, read: “Complex rollback is another secret of technical analysis“

Dani Levitan