Bitcoin Move Lower Targets ($9125 or $8600?)

17 Jun 2020

In my last trade idea for Bitcoin (XBTUSD), looking at the 4H timeframe, I gave you the direction where Bitcoin was headed next...

Now, I would like to share with you the next target (being a bit more specific).

Here are the support levels where Bitcoin can find resistance if prices continue to drop:

1) $9125
2) $8800
3) $8600

These are short-term targets.
Please keep in mind that you need to have a plan/strategy if you decide to trade.

The charts are always changing and can always change.

If prices bounce at EMA200 and move to close back above EMA10,50,100, and MA200, the above support targets become invalid and a new analysis is needed.

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Thanks a lot for your support.

Namaste.