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Bitcoin as well as many cryptos have made headlines the past few days due to the recent jump, bitcoin itself jumped by almost 11%. Now price is heading to key resistance at $7600
Scenario one: Bearish pullback followed by a Bullish Channel (New Trend Structure)
Scenario Two: Bullish breakout above $7700 (Another Bullish Flag)
Scenario Three: Bearish...
Price has surged more than 5% today, pushing BTC back up to the edge of the key resistance. This is significant has a bullish breakout to the upside could be extremely bullish for the bitcoin. After all price has remain in this bearish since the start of 2018. Look for a bullish breakout to the upside, above $6800, or a pullback to key support.
Since price broke through the key resistance of the bearish channel, price piked at $1900 during the middle of May. However since then price has been in a bearish channel ever since, with the last key resistance now the current key support. Price has tested key support of the bearish channel today, in which the current trend of the price is still inconclusive....
Since price had a bearish breakout from the bullish channel almost two weeks ago, bearish pressure continues to push Bitcoin lower. Where price traded as low as $7100 this week. Now price has been trading just above the key support for the past few days. Look for price to break key support of the bearish channel or a potential bounce to the upside.
Bitcoin Cash has tested key support two days ago where price bottomed at $1270. After price tested key support, price quickly bounced back up to the upside towards the key resistance of the bearish channel. However, since price touched the key resistance at $1500, price is heading for key support once again.
Price has fallen to key support of the bullish channel as seen in the chart. Price has consolidated above the key support trading between 9300-9500 against the USD. Look for a above to the upside heading back to the key resistance of the bullish channel.
Bitcoin has been trading in a bullish channel since its initial bullish breakout from April's bottom. Look for price to move to the resistance zone of the channel. On another note, price seems to be following an arc structure on the daily chart. Thus, wait for another bullish leg up.
Price has set a new low in 2018 trading below $620 against the USD. Nevertheless, price has tested key support of the bearish channel. Wait for price to come back to the key support or a bounce to the upside, corresponding to the key resistance of the bearish channel.
Price has been dipping massively, now price is trading just at $55 just above the key support of the bullish channel. Look for a potential bearish breakout to the downside a the respected support level as seen in the chart.
Price has test key support at $.55 against the USD. Now price is trading just below the minor support level at $.58. With bearish sentiment remaining in the market, price could call to key support of the bearish channel. In that case that might be a great opportunity to buy at $.4
Price has fallen below key support not trading between $950 to $1100. Nevertheless, price could fall to the next key support to the contented bearish channel stricutre. This is primiarlty due to the the trade war, stock market slumps and unclear regulations. Nevertheless any price below 950 could be a great entry
Price has dipped massive to test key support at $450 against the USD. Now price has rebounded trading at $550. Look for another test to key support or a love to the upside, to the key resistance as seen in the chart.