Basic support and resistance is proving somewhat bearish for BTCUSD . If history is anything to go by,then we could be seeing a repeat of Februarys 26% correction. At BTCUSD current price we could still see an 8% drop down to 51k before turning and trending upwards again to around the 64k price. The Market Cipher B indicator on the daily chart has printed a red...
If it does not break up above the $62000 resistance soon,BTCUSD could see a possible correction down to 58k before working its way up the channels towards 70k+ in the very short term around (about 10 days)
