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BTC is currently undergoing a slowdown in the current consolidation area between $ 7,500 and $ 7,250.
At the moment we are printing higher lows as we marched to the Fiber level of 0.236, but it would not surprise us to see a downtrend and retest the $ 7,265 level as we could potentially be in a bear flag pattern. .
We would like to see any interruption and close below $ 7,200 as a shortcut opportunity around the $ 6,860 level.
On the other hand, if we witness a convincing purchase volume at the value of $ 7,200, we would consider the possibility of going long with targets up to $ 7.800 but, in a more conservative way, it would seem possible to go out to $ 7740 or even $ 7,520 depending on the bullish momentum.
Disclaimer: The opinions of our guest writers are exclusively their own and do not reflect the views of The Daily Hodl. These opinions expressed are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin or cryptocurrency. Please note that your transfers and operations are at your own risk and that any losses may be at your expense.
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