Technical crypto analysis based on breakout – Sell BTC towards $5,460.75


Sell BTC towards $5,460.75

Technical Observation:

BTC is currently trading several points below its daily pivot line $6750.86. Most important, yesterday, bitcoin went lower and even went below the daily support line $6,395.00. Following this break below, I expect a spike to the lower side with an ideal take profit being fixed at the daily support line $5,460.75. Should this support be breached, then the price will continue to plummet with the next take profit being $4,213.141 Technical Levels Resistance levels

R1: 6859.65

R2: 6933.82
R3: 7116.78

Pivot 6750.86 Support Levels S1: 6384.94

S2: 6567.87
S3: 6676.69
Trade Signal
Sell BTC towards $5,460.75

101% Double the volume

All bonus participates in drawdown!

FreshForex cancels commissions!

You may check other analytical reviews on FreshForex website. Source: