BTC Short

17 thg 6, 2020

We see a recent dump on BTC reaching 8.9K and in the past days price has retraced to the 9.5 region. this weekly analysis shows that if bulls break the resistance at 9545 region we will see a major stop at 9.8 area where there is a trend line from ATH. Bulls will definitely break it. if the weekly candle closes above it, then we are definitely going to the moon. The other side which is very much possible is failure to break the 9545 resistance with enough power. This will result in the week ending in a sideways market.
Otherwise we are going for a dump to 8750, the gap that was at 9.4K - 9.5K region has been closed. Failure to break 9545 with significant volume means dump is imminent