Post
Topic
Board Trading Discussion
Re: Bitcoin news and technical analysis
by
darkangel11
on 07/08/2018, 19:48:15 UTC
I also appreciate if someone can say the prediction of bitcoin prices for the current month. Smiley

A month is quite a long period for BTC, nobody goes that far with analysis. You can always consult a crystal ball if you believe in these things. The most basic analysis shows 6800 as lower support and 7150 as the short term upper support. If any of these break it will be followed by a bigger move. Going down would nullify inverse head and shoulders, showing that we still haven't had a real breakout and the bottom might not be in, while going above 7150 would suggest that the bottom is in and we are confirming higher lows.