As before tends that our major target as per butterfly pattern $4444.
As above mention that bitcoin mining prices tends to $5782/BTC.
and we hope that it is difficult to test $4444 because mining expence are Fundamental barrier.
MARKET FACTORcrypto market is behave like big pump and dump. When negative ETF news than Bitcoin and Alt coin price is dump and market start bleeading.
commonwealth bank of Australia won a mandate fron the world bank to raaising pioniring bond of block chain for mining and trading.
TECHNICAL FACOTORIn previous we forcast trading range between $5782 to $6210.
The intraday low was $6183 and high was $6628.
bitcoin price extended losses to $ 6183 is now getting rebonding around $ 6510. Before geeting upside it is down toward $6039. As we predict in 4H chart.
RSI inficate and stochastic indicator show that the trens is pressurely bearish and the support zone is $6039.
and be aware that if it break $6039 than it have a chance to go down toward $5782 because pressure toward $5500.
Market trend is bearish unless it reach to $6800.
Today trading range between
1st support level $6039
1st resistance level $6510
2nd support level $5782
2nd resistance level $6800
Expected trading range between $6039 to $6510.
trend of today is bearish.
Thats all
All information are only for educational purpose
Trade according to your capacity to loss.
If you have any querry comment me.
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