BTC/USD resumes the decline after consolidation in a narrow channel but the buying interest may increase on approach to.
Bitcoin Cash has presented a notable bearish scenario as it moves into the typically low volume weekend of price action, with.
Go short after a bearish price action reversal on the H1 time frame following the next touch of $9,233, $9,400, or $9,462. Adjust the stop loss to break even once the trade is $50 in profit by price.
The Bitcoin bulls’ side is seen above the bears at numerous levels in the move towards the resistance level of $9,300.
The past day has seen the price consolidate within a narrow range between $9,014 and $9,233. I think a bullish breakout is more likely than a bearish breakdown, so I will be happy to take a long trade.
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