Technical crypto analysis based on breakout – Waiting to sell BTC at $6,969.17


Waiting to sell BTC at $6,969.17

Technical Observation:

Nothing much appear to be happening on this Crypto. BTC continues to make insignificant moves and is still below the daily support line $6,969.17. And As I said earlier this month, while the price is sustained below this line, I expect a momentum to the lower side. The anticipated bearish price rally should break below $6,119.10 before a move further to the lower-side is seen. On its way downwards, the key monthly support lines to check for include $5,460.75, and $4,521.32.

Technical Levels

Resistance levels

R1: 9319.02

R2: 11090.28
R3: 13994.87
Support Levels
S1: 2376.51
S2: 6281.09
S3: 6414.42
Trade Signal
Waiting to sell BTC at $6,969.17

101% Double the volume

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