We never broke out of the channel, so trends and levels stay the same as in March 19 post.
We just got delayed by a week.
Here is March 19 targets:
Most likely BTC will go down and will not be supported by $7600 any more. The next support level is around $6800 defined by 1) previous support in Oct / Nov 2017, 2) ascending trend line , 3) a first target of a...
Bitcoin is trading in the same downtrending channel (see my Mar 14 post).
The first support zone held poorly with frequent breakdowns to the downtrending line and to the channel boundary. It bounced of the channel on March 18 12pm EST but it is not strong enough to trade above the previous high $8600 and not strong enough to break out of the channel at the time of...
