Technical analysis of Bitcoin. BTC-USD August 04, 2018

August 6, 2018


The actual zones and the support levels can be seen on 4h chart. The market is still within the correction movement after the growth from 6000 to 8500. Now we are trying to touch 7200 level the breakout of which will give the possibility to the bears to move the price to the strongest visible support near 6800 level. In order for alts to grow BTC needs to find the support and go sideways as the further growth will take all the investments when we will see the fall of most of the coins; if the BTC falls further, the alts may follow it.

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