BTCUSD Analysis: A tale of two charts [Video]
|The latest drop to to a fresh 2018 low ends a period of range contraction and has the market sinking down below the apex of the triangle it had been trading in. This is quite bearish and sets the stage for an even bigger decline in the weeks ahead that exposes a retest of the September 2017 low down around $2,975. It will take a break back above the October high at $7,700 to suggest Bitcoin might be ready to trending higher again.
In this analysis, we take a look at Bitcoin each day, highlighting all of the need to knows for anyone looking to extract up to date information about major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding the crypto asset, looking for an idea of where they may want to consider making that next conversion.
The cryptocurrency update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.
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