luckyhelper

BTCUSD is still locked inside a sideways trend.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The daily chart is still locked in a sideways channel between 9280 and 11788. Watch out for an outbreak of this channel.

Pivot point is at 10070.
Comment: I expect that the price of Bitcoin will remain inside the blue triangle for the next few days.
Comment: Down momentum became quite powerful. BTCUSD broke out of the blue triangle and it is inside the down channel again. The next target is 8571.

Yes, Bitcoin got a direction. It is heading South again.
We will see within the next few days a drop to 6000 and maybe even to 5511.
Comment: It was a false outbreak. The price of Bitcoin is back inside the blue triangle, where it will probably remain for the rest of the night.
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