Bitcoin comes under threat when Trading session on Friday it falls nearly 5% down from recovery made in that particular day
BTC/USD testing a very near and strong support near 6210- 6100 level, if this level violate it may come under further tremendous selling pressures!!!
Nowdays bitcoin is under bear rules they are trapping with their skill ... last session we see that on Thursday it hit high of 6633.21 level and ftom there it just slipped down nearly equal to 5%, what a skill of bear wow!!!
since friday it is under bear grip....
![Bitcoin image --.PNG]
(
)
After Friday session it is clearly seen that bears appearing to breach vital support. The downsides selling pressure intensified that it will remained sideways till undefined period of time...
key support and resitance level has been derived which is given as bellow...
KEY LEVELS
R3 7043.69
R2 6813.67
R1 6476.02
PP 6246.00
S1 5908.35
S2 5678.33
S3 5340.68
BTC/USD has suffered blow after blow since the back end of July- 2018, in the past 13 - thirteen trading sessions, Bitcoin has only somehow managed to have two positive sessions out of these series..... The crypto market which is considered as big financial market remains heavily within a bearish trend nowadays.....
If we say something about Technically, momentum is very much to the downside, with a lack of indications to suggest that will be shifting anytime soon, as there is no certainty that it will sustain; as ETF of bitcoin has postponed SEC till Sep -2018 . A key area that had been holding was tracking between $6200-6100, which is currently being broken down by market bears participants . Last but not the least , Next large level to be aware of is $5799, last traded here in the back end of June, catching the falling price before a bull run of the bitcoin giant of crypto market.
please don't forget to comments and share your valuable feedback for bitcoin/usd analysis...
