Few days ago, BTC established a daily support at $6,019.92 and is still above it. This should be a buy place but this crypto is overally in a downtrend, and as I stated few days ago, while the price is below the three Simple Moving Averages, 14, 52, 152, I expect a surge to the lowerside. I’m basically waiting for a breakout below $6,039.97 t pick a short position. On its way to the lowerside, the kye lines to check for include $5,421, $4512.00 and $3210.00. As it is on the hourly chart, only a sell position looks ideal.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Imelda Maseno
Analyst of «FreshForex» company
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