Bitcoin trend today 7th August 2018
Technical calculation still now shows that as butterfly target $4444.
And still now bitcoin mining expences is arounf $ 5500.
It means $5500 level barrier is a key test level , thatvis difficult to test $4444.
- If it go below $5500. Than it difficult to hold that position for long time.
In previous post trading between $6500 to $ 7400.
The intraday low was $6847 and high was $7120.
as per knowing signal are bearish it try to hit the level $6500.
RSI shows that the sellers are taking a break but buyer are taking over.
mostly price is test $7200.
Before it hit $7500 . It will test $6800 to $7000.
1st support level is $ 6500.
1st resiatance level is $7500.
2nd support level is $6000.
2nd resistance level is $7800.
*Expected trading between $6500 to $7500.
Todays trend is bearish
All information are education purpose only.
Trade according your capacity to loose.
Thats all.
Have a nice day
If you have any query write me on comment box
If you like post keep Upvote and RESTEEM it.