Technical analysis:
BTC/USD has been trading sideways at the price of $30.000 and I found testing of the key support cluster at the price of $29.700.
Two potential scenarios might be interesting according to current condition.
Rejection of the support cluster at $29.700 can be a good sign for the rally towards resistance top of the range at the price of $31.390
Breakout of the support cluster at $29.700 and hold below can be a good sign 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
sideways
at the price of $30.000 and I found testing of the key support
cluster at the price of $29.700.
Two
potential scenarios might be interesting according to current condition.
Rejection
of the support cluster at $29.700 can be a good sign for the rally
towards resistance top of the range at the price of $31.390
Breakout
of the support cluster at $29.700 and hold below can be a good sign
for the further drop towards $28.000
The material has been provided by InstaForex Company – www.instaforex.com
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