Technical crypto analysis based on breakout – Buy BTC at $6,969.17


Technical Observation

BTC is currently trading with an increasing bearish momentum. Yesterday, BTC dropped several points and is still showing signs of falling even further. I expect a surge towards $6,969.17 and may breakout below. Unless the price clearly breach below $6,969.17 with a big red candle, this line remains my buy line. My expectations is that the price may bounce from this line before a clear move upwards is seen. On its way upwards, the key lines to look for include $8,094.15, $8,752.50 and lastly $9,681.50.

Trade Signal.

Buy BTC at $6,969.17 towards $9,683.50.

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