As we can see BTC tested on several occasions support at approx. 7.700 USD level and its only matter of time when we are going to break it! Next level where we have support is at level approx.7.200 USD. Looking at the things how they look now, in this very moment i'm not that sure this support will hold on for long time. I would dare to say we will see BTC soon under 7.000 USD but let's wait and see how the things will develop.
Not financial advice, it's just my humble opinion.
Not financial advice, it's just my humble opinion.
Trade closed: target reached:
Expectations are developing as we predicted, we broke 7.700 as i wrote on 19th October. Now let's see how will BTC react in zone 7400 - 7200 USD this could give us clear idea are we going downward and what could be expected in near future.