Technical analysis Bitcoin. BTC-USD on July 09, 2018

July 10, 2018


On 1 month timeframe we can see that if we continue the correction, we will move to Fib 0.786  (4800 level), which in cases like this one is the main target for the direction of the market movement. On 12 h timeframe, another downtrend wave can form. If the market does not manage to break the red resistance zone the following days, there will be a high possibility yo test  5900 level as a support, if we break it we can touch 4800.

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