In THE crypto market has continued lose their value as compare to us doller. The bull need to muster up and the strong distribution territories of $800 and up
Btc-usd long-trend -bearish
Distribution area
$9,000, $10,000 $11,000
Accumulation area $5,000 $4,000 $3,000
Bitcoin has still been dawn this week against us dollar. The crypto currency asset is continued lose their value as the market compare to us doller. The value of bitcoin in 10-11june , 22june & 28june Is falling dawn. Its price was trading in a range-boundey between june 23-27
In trading chart see
The bull was mostly favor to bears. The wide space between 45-50days SMAand the 15day SMA the 50day SMA is above.
This was suggest that the still be the time for bear to future takes to the upper hand.
The stochatic oscillators have intially dip to past range of 20 but are seemly having slight northbound over look.
This was suggest to the bear strength is gradually fading. We have bull to keep strength over 800$ then will move on
If not then baer in future profit point area around. Its will strong strength. In the enter area precaution should be taken when looking the entry point
The what u accepted write their opinions and views
Thanks
Pawan kumar✔