FX.co - BTC analysis for July 07,.2020 - Descending triangle in creation, potential bigger drop incoming towards the $7.800

2020-07-07T12:23:04

Relevance until2020-07-08

BTC analysis for July 07,.2020 - Descending triangle in creation, potential bigger drop incoming towards the $7.800

Technical analysis:

BTC analysis for July 07,.2020 - Descending triangle in creation, potential bigger drop incoming towards the $7.800

Trading recommendation:

Watch for potential downside opportunities due to potential rejection of the resistance and the descending triangle in creation. To confirm the bigger drop on the BTC i would like to see breakout of the support at $8,900

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Crypto-currencies #Bitcoin #BTCUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2025

FX.co ★ BTC analysis for July 07,.2020 - Descending triangle in creation, potential bigger drop incoming towards the $7.800

Forex Analysis

BTC analysis for July 07,.2020 - Descending triangle in creation, potential bigger drop incoming towards the $7.800