Bitcoin - Bulls vs Bears for BITFINEX:BTCUSD by TDSniper

chartpattern bitcoin btcusd xbt btc btcusdt crypto cryptocurrency bitcoinforecast cryptosignals

Bitcoin tightening near our 0.5 fib range as we form higher lows. An explosive move is due in the short term.

Bull target $7,200 USD

Bear target $6,230 USD

Dump target levels $5,800 USD

Comment:

BTC 1D

We broke down from our Triangle and range heading directly onto our $6,230 USD level.

If bulls can maintain this level we are to upside for bitcoin. A break below our EQ + Blue Box and we are to see new lows headed into the end of the year.

Trade closed: target reached:

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