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BTC Continues to Build a Basing Pattern

From dailyforex.com

Bitcoin is essentially in a bottoming pattern at the moment, as we are trying to turn things around. This is a market that has been following rates closely. Bitcoin is very choppy and noisy during the trading session on Friday, which makes a certain amount of sense considering that it was Good Friday and most of the institutional traders were not involved. With that being said, the market is hanging around the $67,000 level. This is an area that I think will continue to be important and if we were to break down below here, then we probably test the $64,000 level. Anything below there opens up the possibility of a ... (full story)

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  • Category: Technical Analysis