Bitcoin has shown bearishness recently due to the China news of curbing Cryptocurrency trading.Due to this price has fall down from 10000 usd level to 6750 usd level illustrating short-midterm(weeks) bearishness.
Key levels to watch for support(bounce) in the coming days will be green levels and box as shown in the box while the resistances will be red box and lines area.
If Bitcoin manages to break above 9200 USD resistance level in the coming days/week then it will surely touch again the 12000 USD mark.However if 6400 usd price level doesn't hold up then it would be bearish for Bitcoin and might see in 4000-5000 usd price level in the coming days/weeks.
Key levels to watch for support(bounce) in the coming days will be green levels and box as shown in the box while the resistances will be red box and lines area.
If Bitcoin manages to break above 9200 USD resistance level in the coming days/week then it will surely touch again the 12000 USD mark.However if 6400 usd price level doesn't hold up then it would be bearish for Bitcoin and might see in 4000-5000 usd price level in the coming days/weeks.
Comment:
as i said on point .2 , if 6800 doesn't hold up then it will reach to first buyzone 6377-5960 and it touched 6423 before moving up :
Comment:
it jumped from our support area 6377-5960 and might target 8000-8350$ level in the coming days/weeks.
Short term-Bullish
Short term-Bullish
2.If $6830 level doesn't hold up then Key levels of support will be $6377-$5960 and $5400-$5200.
3.If it manages to cross $7600 above then $8300-$8500 is likely