Hello Forex Trader,
I just wanted to share with you my latest personal view on the BITCOIN DAILY CHART (07th-Jan-2020) market analysis.
Bitcoin king of cryptocurrency had been on a long term bearish trend right from late June 2019 and since then price have been bouncing in a falling wedge.
Technically price have higher probability of breaking to the upside whenever there’s such formation of price.
Now the questions are…
Will the bullish engulfing formation with its low wick @6352.07 act as a catalyst for bitcoin to breakout of the falling wedge right from late June 2019??
Will the bear defend the its boundary at dynamic resistance intersection @7540.96??
Right now bitcoin is still trading within the range and i will love to watch for signals @ either at dynamic resistance or support level..
What do you think about this currency ?
Remember the comment box is all yours..👇