Fundamentaly we are estimated that Bitcoin break even point is mining expences $5500.
so as mention on prevoius post that it is difficult to test $4444. Because it hard to break
Mining point.Most market decline $6551 it blamed on FUP lead trader to dump their holdings and, as keading to more losses bitcoin price.
- Not major updates are coming so that control the bleeding. But trend to selling now.
DAE use blockchain for analysis for identify who uses illegal purpose.
in previously trading range betwwen $ 6500 to $7500.
The intraday low was $6551 and high wah $7150.
- In last day bitcoin price is bullish to $7150 but it not hold that and going to bearish. It is supported by EMA 50 and again to test $6300.
RSI indicate that now seller are stop selling and than the pressure of buyer that get up and we see bullish signal back.
keep and watching eye around $6300. If it hold that position than price recover to $7500.
so for today support level 1 st is $6300.
resistance level 1 st is $6900.
support level 2nd is $6039.
resistance level 2nd is $7150.
today range of trading between $6039 to $6900.
Thats all
If you have any query comment me.
If you like post UPVOTE and RESTEEM it.
That all information are only educational purpose only.
Trade accordingly to your capacity.
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#bitcoinprice
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