We see a large downwards sloping trendline that coincides with a large structural resistance lvl. If we want to break this, we need a big candle to close positive. If not down to 6800 (or bottom of trend channel) we go..The rejection of this structure is being depicted in the RSI and MACD. Stay tuned!
New price targets for BTC!
As many of you already know, bitcoin has been unable to close above 6800 on the daily for quite some time now. It has begun to form a channel, and is attempting a re-test as we speak.
There has been very high market sentiment lately, in regards to regulation, coinbase additions, and new institutional investors in the space....