New SHORT signal down to 7000 on Bitcoin. AI Waves advised that the price of Bitcoin is set to drop down to 7000 based on daily chart.
there is a room up to 9300 to develop a short exposure if there is some price fluctuation.
We may see completing of undergoing A-B-C correction during the weekend, as the price action currently stands above 50% of wave A .
Long are possible with extreme caution. Tight stops bellow 5000 are highly recommended. Target set at 6500.
Bitcoin is under selling pressure with resistance region 6400 - 6800
Support for now stand at 3100 . Future decline is expected to be short lived as we may see a spikes bellow 3000 during selling.