Crypto-currency market: bitcoin keeps a downtrend
Expectations for a decrease in bitcoin begin to be justified, which confirms the repulsion of the pair BTC/USD from the upper boundary of the descending channel, in which the pair is traded last month. The bearish divergence of the indicator FOREX Stochastic Oscillator is a confirmation of the decrease in bitcoin.
As a result, sales from the resistance level 7400-7420.000 remain in effect. At the same time, the support level is 7280-7250.000, consolidation below which will open the way to support levels: 7130-7150.000 and 7100.000.
Fig. BTC/USD. Current price – 7360.000
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Dani Levitan