2018-7-8 17:54 |
Daily Chart This week BTC 00 struggled to break above the descending triangle bottom and so far has traded in a tightening $400 range.
Later in the day, Bitcoin dipped below the 20MA and short-term technical charts remain biased toward bears.
The neckline of last week’s double bottom near $6,250 now serves as a support and a decline beneath this point would be problematic.
Bitcoin Price: Looking Ahead Bitcoin remains bearish for the short term and could decline below the 50 and 100 MA.
Where do you think Bitcoin price will go this week?
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