Dear Crypto Club Patrons;
According to our previous Bitcoin analysis, #BTC started with an uptrend from 3400 but unfortunatley did not reach 4500.
As we have seen earlier, 4200 is a strong resistance and #BTC touched this region for the second time and got rejected, followed by a 400 USD big red candle.
#BTC is currently being traded at 3800 region but does not seem to act as a strong support.
There are too many supports below 3800 region but in case we break below the above mentioned support, we can expect Bitcoin to fall down to 3450-3500 zone.
AND if Bulls support from there, the reverse will be strong and most probably we can expect #BTC to show some good movement in the next couple of months.
BUT if we don’t see a good interest in Bulls to support 3400, we expect even a bigger dump to the next below.
Stop-Loss for the current movement @ 3750 (Subject to stabilization under this region) & then re-purchase at the base support.
Stop-Loss for the overall analysis @ 3400 (Subject to stabilization under this region)
Crypto Club TA Team.
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