BrianAzeri

BTC/USD Critical Support Area to Consider

BITMEX:XBT   Bitcoin / US Dollar Index
The chart speak for itself
I don't understand it. What do you predict btc will drop or rise to in the coming days and weeks?
Balas
BrianAzeri samiswilf
@samiswilf in few days, btc need to stay above 8.8k ish to maintain bullish momentum. if it broke, i think btc will retest 6.8k support trendline, if it also broke than btc doomed i think. overall the market is still scared, no new money coming in. right now tbh btc in 50/50 area, it is either stay above mini uptrend channel or back again to massive downtrend channel. if you want to trade it, just pick a side and have your stop loss ready. personally i will wait for retest 6.8k support and stay away from trading right now. pretty much i lean to bearish side
Balas
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