Technical crypto analysis based on breakout – Still looking to sell BTC


Still looking to sell BTC

Technical Observation

Despite the bullish pin bar seen last week on Friday, BTC barely rallied higher yesterday. That, it only moved slightly upwards and is still below $6,969.17. The price is still within the sellers area, and unless there’s a clear breach above $6,969.17 with a big green candle, I expect a surge downwards. On its way to the lowerside, the key lines to check for include $5,417.90, $4,542.23 and $3,451.00. And should these lines be breached, then the price will likely to head further to the lowerside with the next ideal take profit at $2,500.00.

Trade Signal.

Still looking to sell BTC towards $5,417.90

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