Let's look at our last post about BTC
"As we said earlier profit-taking might come and it already came. We are started trading the ascending trend line and looks like a downtrend started. 3 times BTC tried to pass $7250 level and every time it has been rejected the downtrend started and volume is also going down.
this time support stays at $7000 level and buyers are defending it but sellers are more than buyers. If sellers push the price downside then it may go to support level of $6800 level and then downtrend would be faster to $6400 level. "
BTC /USD Daily Chart
As we said earlier now BTC reading around $6800 level and volume is going down, looks like market maker trying to push BTC down one more time to take some more profits. Strong resistance stays at $7000 and over resistance few days closing start uptrend again but it is not the case . Price came down from $7000 to $6800 level and now below it. It can reach to $6600 support level soon too. If it goes down lower than $6600 next support is $6400 and lower than that is $6000 but it will move back up quickly.
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