Hi, crypto traders.
BTC is in a sideways market now.
The price bounced from 53,400USD and broke 80h (blue) line and 240h (green) line to the upper side together. But after reaching 58,000USD, the candle changed negatively and started to go down again.
The negative candle already broke 80h (blue) and 240h (green) line to the lower side. And it seems the price continues to go down.
Since MA lines are very close, the trend is not stable now. We should wait and see the next move carefully.
Today’s Check Points
- The candle continues to go down and reaches 52,300USD?
- The candle changes positively and breaks 58,000USD?
TODAY’s Target Price
◇BTC goes up◇
- 1st target: 58,000USD
- 2nd target: 60,000USD (A nice round number)
- 3rd target: 65,000USD
◇BTC goes down◇
- 1st target: 52,300USD
- 2nd target: 50,000USD (A nice round number)
- 3rd target is 46,900USD
Enjoy your trading.
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