our technical butterfly target stands $4444. And our bitcoin mining expences stands $5872.
Now our Market is waiting for solid fundamentals.
waiting for SEC approval , so it starts reversal and getting up losses and if it rejects than get opposite reaction.
in previous post trading range will between $5872 to $6510.
the intraday low $6190 and high $6499.
Bitcoin price shows some bullish bais but still it on bearish channek shown in 4H chart.
we think that bitcoin price is still looking for another bottom and bear will manage price down previously low at $5872.
stochastic shows that EMA 50 shows negative pressure. Oscilator shows selling pressure and that will be returns .
If breaking $5872 to will extends it losses to $5500.
support level 1 st is $6039.
resistance level 1st is $6510.
support level 2nd is $5782.
resistance level 2nd is $6800.
Expected trend is bearish.
expected trend is between $5782 to $6510.
expected trend is today for bearish.
That's all.
If you have any querry comment me.
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