Currently and in the next few days, if Bitcoin is not stabilized within the 8230 range, it's possible to touch 6800 in next days.
Expected Resistance:
8000
8230
8450
Given that Bitcoin has crossed 50% Fibo, and on the other hand, given that the trend has been overtaking with a higher degree, on the other hand, given the fact that after the collapse last night, a flagship is descending created, There is a potential drop of up to 6800.
Analysis by omid moaiied
The issue that has already attracted my opinion is the decline in market volume. On the other hand, in rsi, the inability to break the resistances 1 and 2 above is observed.
Please put the limit on 7170.
Of course, Bitcoin may try again after some time
It should be fixed above the ceiling of the 25-day canal that this did not happen.
On this basis, I expect to have a break in the range of 7300.
On the other hand, due to the fact that this ceiling coincides with the roof of another flag, I expect that with the condition of liquidity, bitcoin passes through this resistance with a considerable pump.
As you can see in the picture, the current situation has already happened in the past and on 02/08/2012.
Dear friends, the current status of Bitcoin is not a new situation. Although the eight-month depression flag has been broken, and although this is a very important event.
An important issue is the breakdown of the 6800's resistance.
At present, a bearish engulfing pattern is seen in the 4-hour frame rate, which can lead to at least a slight drop. Meanwhile, there is a negative divergence in the 4-hour timeframe and in RSI, which is another confirmation of this opinion.
Again, the resistance of the floor of the 20-day flag was targeted. If liquidity comes to market, we will see Pump Bitcoin. Otherwise, it will rest a bit ,until make a renewed effort to break this roof.
According to July 8th analysis, Bitcoin dropped to 6650 and 6590. At the moment it tends to the bottom of the channel. Within a few hours, I'll give you a fresh analysis.
At 1 hour timezone, there are signs of falling or at least temporary rest, which, if realized,will be up to 6650 and then 6590 fall .
But the overall atmosphere of Bitcoin has changed significantly over of the past. At the moment, the 7-month decline flag has been completely broken. That is a good sign.
According to the previous analysis, the fall will reach the limit of 6500. The flag that was built three days ago started ascending, but it was not possible to defeat the ceiling. So it will be back to the bottom. If defeated the floor, he will drop to 6460
Temporary growth was done according to the previous analysis. As soon as I see a permanent change, I will share it. But I emphasize that the trend continues to decline until signs of climb are observed.
