BTC/USD Analysis: Gravitating to September 2017 low [Video]

BTCUSD

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 a bearish triangle. This has set the stage for an even bigger decline towards the September 2017 low down around $2,975, which guards against the July 2017 low around $2,000. At this stage, it will take a break back above triangle support around $6,000 to take the pressure off the downside.  

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.