forexscorpion

BITCOIN BEARISH TREND FOR THE NEXT 2 MONTHS

Short
BITSTAMP:BTCUSD   Bitcoin
Since its peak in November of last year Bitcoin has been slowly declining forming bearish flags and breaking downward. Historically, the worst trading months (seasons) are July, September, August and the first half of October (summer and early autumn). I'm expecting BTC to it continues its declining during this period bottoming around 12000 usd before November.
Future Levels:
- Resistance at 23750, 25500 & 26600
- Support at 22200, 21400, 20000, 18000 & 12000

Best regards,
Klaus.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.