Bitcoin rose continuously from 6050 (July 12th Low) to upside 8473 (July 24th high), On continuation of its uptrend, this needs a little technical correction to the downside level 7900 (20MA) ranges. if fails to hold this can extend to till 7380 (July 20th Low). As Daily, Weekly, H4 charts RSi trading at over bought zones which turning slowly to correct and MACD already turned down where can pull down this crypto to the said levels. Overall Sell on rise is advised in this for downside 7900 from current price.
Important levels to watch:
Resistance: 8350-8550-8650
Support: 7950-7800-7650
We would like to SELL BTCUSD FROM 88190
Target: 7955
Stoploss: 8350
The information, analysis and estimates Contained herein are based on BSH Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents BSH Research opinion and is meant for general information only. BSH Research, its directors, officers or employees shall not in any way be responsible for the contents stated herein BSH Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities. BSH Research, its affiliates and their employees may from time to time hold positions in securities referred to herein. BSH Research or its affiliates may from time to time solicit from or perform investment banking or other services for any company mentioned in this document.
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