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Good evening and today we will do a technical analysis on one of the most popular currencies Bitcoin. As we see at this point it has been for 52 days trapped in a downward trend between the $ 40.000 to $ 30.000 levels.
Now if we lower the Time frame we will see that as it gets stronger it has a good chance of finding resistance on the bearish line somewhere around 34800. Now if we wanted to see some upward movement I would like to break the 35400 band and make a retets. Take profit at $ 39800
Now to see some downward movement I would like him to break the 32400 belt and make a retest take profit at the $ 30500 level
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