Bitcoin Breaks May Lows, Outlook Remains Negative
Bitcoin breaks the May low at 7050/7025 to hit 6627. Oversold short term so a small is possible but do not even think about a long position. First resistance at 6890/6910 then 7040/070. If we unexpectedly continue higher look for 7170/7200 then a selling opportunity at 7310/40.
Outlook remains negative with further losses likely. Targets: 6550, 6510 & March low at 6430. Below here risks a slide as far as the crash low at 5950/20.
Outlook remains negative with further losses likely. Targets: 6550, 6510 & March low at 6430. Below here risks a slide as far as the crash low at 5950/20.
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