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Bitcoin Price: Technical Analysis

Technical Analysis

What happened

Bears continue to rule the market for a few weeks now. BTC rate is down to $6400.

What’s next

Just like we expected, last week the price was consolidates in a narrow range of $6400-7000 with a few small breakthroughs. Today bitcoin price is over $7k and aims for $7800. RSI is in neutral zone with a slight ‘buy’ sign, MACD signal line confirms the possibility of growth.
In the nearest term, most likely, bitcoin will continue to fluctuate within $7800-$6400 range.

Disclaimer

Our price analysis is for information purposes only. Please make the Bitcoin purchase and investment decisions independently at your own risk.

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