We have seen Bitcoin try and break out to the higher targets but sold off heavily around the Ethereum fork yesterday. We are now back at the key support area of $3600 area, if we see price rally from here but find further selling at the $3795 area again then chances are we will see continued selling. If however we see price continue to distribute around these levels we can still see a huge move to the upside to test those higher levels of $4372, $4655 & $4829
The algo hasn't provided a buy signal yet but I'll update according to the algo alerts.
The buy zone was hit @ 3612
The algo hasn't provided a buy signal yet but I'll update according to the algo alerts.
The buy zone was hit @ 3612
Comment:
If the $3600 - $3612 area doesn't hold then the lower level targets are $3,452 followed by $3,126. These will be come into play if we fail to clear $3795 area with this next bounce.