2018-8-3 21:30 |
Bitcoin (BTC) is still trading above its daily 100 EMA but the price action on the BTC/USD chart above looks extremely weak and unlikely to break past the downtrend resistance at this point.
RSI and wave trend analysis of the daily BTC/USD chart shows that the price is more likely to break below the 100 EMA rather than going up to retest the resistance. So far, Bitcoin (BTC) has breached the 200 EMA and if it breaches the 100 EMA, it will then have to break the 50 EMA.
Continue reading Bitcoin (BTC) can drop to $6,000 again, but will it hold support? at Crypto Daily™.
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