SuperForex

The danger has past

Long
BITFINEX:BTCUSD   Bitcoin
The price has found the support level at the mark of 6.000 after which it turned around, heading up. The danger of further decline is now over, preventing the collapse of the market, and the market capitalization returned above the $200 billion mark.

Now the price is at the level of 6.400 and we believe that the levels of 6.600 and 6.900 will be tested soon. Therefore we recommend looking for points to enter long positions. Technical indicators point to an early purchase and soon we will be able to receive a confirmation.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.