Advertisement
Advertisement
Bitcoin Outlook For The Week Ahead
By:
6425 is a key inflection point that must be taken out in order for price structure to provide evidence of enough buying activity for a retrace back to the high 7Ks or 8500 resistance.
PREMIUM
Read what the experts are trading this weekExclusive analysis from FXEmpire top analysts — curated insights you won't find on the free site.In-depth analysis
Curated reports
Top analysts
Unlock Premium
6425 is a key inflection point that must be taken out in order for price structure to provide evidence of enough buying activity for a retrace back to the high 7Ks or 8500 resistance. Otherwise, it is setting up for a new sell signal that can see a test of the 4K low over the next few days. With general fundamentals intact, the broader price location still serves as an attractive area for portfolio accumulation.
BTC Technical Analysis for the Week of 16.02.20
This article was written by Marc Principato CMT, Executive Director at Greenbridgeinvesting.com.
About the Author
Marc Principatocontributor
Marc has over twenty years of experience in the markets starting out as a Nasdaq day trader during the height of the dot com era.
Advertisement