CatalystsFinance

BTCUSDT | Bitcoin price overview: testing $6,800

BINANCE:BTCUSDT   Bitcoin / TetherUS
During the last days we have been testing for the strength of the support zone - $6,800. The Bears are gradually clutching the price to it, not letting the bulls raise the price. A local resistance zone ~ $6,950 has been formed on the chart. The bulls need to fix the price above this mark, in order to beat the bears.

On the daily chart , we see the uncertainties. The closing price of the candlesticks of the last 4 days is close to the support zone , which indicates a fighting between the bulls and bears. The daily MACD shows a decline in growth strength.


The battle is going on and one day it will end. Subscribe to the channel and watch the Bitcoin trends!

Comments

BU will be interesting to follow, my view
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I think we will see bear fakeout and continue the uptrend.
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