Bitcoin has come off its ride to the top, and is working on a much needed consolidation. Price is moving back down towards the 61.8% Fibonacci level. The 200 day MA and 61.8% Fib level are going to be close here and should have a very strong support with a good chance of reversal off of those supports. We also will see if BTC will hold on the top line of the channel, or take a more bearish move back inside the channel. Looking at a potential buy zone between $7700-$8100 if we see reversal signals.
Cheers and happy trading
Cheers and happy trading
-machinelearnt