Bitcoin cannot hold $6,500
Popular crypto-currency analyst Big Cheds told his community that BTC recently lost the EMA8 (Exponential Moving Average) and the ongoing sideways trend is the next big test for the bulls. He says that Bitcoin is trapped between two trend channels at $6,600 and $6,200. Depending on the movement of the price in the next few hours, Bitcoin could start a strong downward movement if the $6,200 mark is broken.
Experienced Bitcoin trader and Blockroots.com founder Josh Rager describes that Bitcoin is currently moving between two trend channels. If Bitcoin manages to rise above $6,700, this is a bullish sign and could take Bitcoin over $7,000.The well-known crypto trader “Tyler Coates” has shared a chart with its community that shows that Bitcoin could return below the $4,000 mark if it follows the reversal of the price movement that occurred between March 12 and March 18. However, he points out that this is not a forecast, but only a current observation.
It is merely a good starting position on which Bitcoin can build. For him, Bitcoin must also show new strength and attract buyers on the following weekly and daily charts so that BTC can, in his opinion, rise above $7,000.
作者 : Collin Brown