Buy bitcoin around 6695.08 | 09 May 2018

Wave Analysis

Despite the previous day's forecasts that bitcoin could rise in value, this crypto continues to decline in value but is currently approaching a key support 6695.08. If you're not long already, its good to remain on the sidelines and wait for a clear buy upon a rebound from 6695.08, otherwise, if you pick a long position now, you may have to hold onto a loosing streak until after a rebound from 6695.08. The best place to buy bitcoin is around 6605.08, however. should the price break below this level, then expect a momentum towards 7304.13.

Trade Recommendations

Buy bitcoin around 6695.08 with your target at 10075.03 and the next target at 11654.03