Technical analysis Bitcoin. BTC-USD on July 13, 2018

July 14, 2018


Now we have a chance to break the resistance through its upper edge of the downtrend wedge, if we manage to exit above 6300, it is most possible that the impulse can push the price up to 6500 price point. However, the market is weak and there is not enough strength to overcome the resistance, most likely, we will keep falling after the impulse if 6100-6000 zone does not hold the market, in this case, the possible “new local bottom” will meet us on 5800 level. On the higher timeframes and long-term perspective, the levels near 4800 still look like the real target zone for the market movement.

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