Bitcoin beat resistance at 6440/50

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Bitcoin beat resistance at 6440/50 & topped exactly at the selling opportunity at 6750/6800. A perfect trade! Shorts need stops above 6900. An unexpected break higher targets 7170/7200 with resistance at 7350/7390.

Failure to beat strong resistance at 6750/6800 targets minor support at 6440/50 (being tested AGAIN as I write & we bottomed exactly here). Further losses expected eventually & below 6300 targets 6170/50. Below 6100 look for 6000/5980 before the crash low at 5780. Further losses target the November low at 5555.

Bitcoin

Read more at: FX Street

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