2018-8-2 01:06 |
BTC/USD Ideally, if the trend is strong, we want to see the first support line holding, which in this case was $7,750.
As Bitcoin has broken below this support, it shows that the sellers are overpowering the buyers.
Any break of the 20-day EMA will result in a fall to $7,200 and below that to $6,800.
On the upside, $7,750 will once again act as a strong overhead resistance, above which the move can extend to $8,400.
If this support breaks, the TRX/USD pair can decline to $0.028 and below that to the long-term support at $0.022806.
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