Technical analysis:
BTC/USD has been trading downside and the key support cluster at the price of $30.000 is on the test. I see 2 scenarios that can be in the play.
In case of the rejection of the support zone at $29.600, I see potential for the rally towards upper extreme of the trading range at $31.400
In case of the downside breakout of the support zone at $29.600, I see potential for the further drop towards $28.000
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading downside and the key support cluster at the price of
$30.000 is on the test. I see 2 scenarios that can be in the play.
In
case of the rejection of the support zone at $29.600, I see potential
for the rally towards upper extreme of the trading range at $31.400
In
case of the downside breakout of the support zone at $29.600, I see
potential for the further drop towards $28.000
The material has been provided by InstaForex Company – www.instaforex.com
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