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Daily Crypto Price Analysis (Bitcoin 10th July, 2018)

Analysis

Bitcoin is very slow in the last couple of days, which is typical for corrections. Actually, it can be already turning from projected resistance area after an a-b-c corrective rise, so watch out for more weakness, especially if goes back below 6200 level. This correction may become even more complex with sideways price action into a triangle pattern. However, we remain bearish, while it’s trading below 7k level, but any impulsive rally followed by a break above 8k, would suggest a temporary bottom.

 

 

 

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