Bitcoin : Time for correction
From this price range #BTC is most likely to take correction and go down to test its support levels.
FED announcement date is coming within one week which will bring more volatility in the market. There is chance for Bitcoin to go down from this current position to its lowest level that is $60K.
The strong support for #Bitcoin is 60K and its possible to touch that price level.
As 31st July comes closer you will see more volatility in the market. The price of Bitcoin will keep on coming down from today and will take a good correction.
I am not sure about this but according to my analysis I feel that its time for Bitcoin to take correction.
The purpose of this post to alert investors and traders to take their safety measures. Taking measures in advance will help to enhance your profit and mitigate your risk.
According to 1H time frame Bitcoin is at its support level, if it takes support from this level ($66400) then its possible to go back to $67K.
In case it does not take support the next target will be $65K.
aTHANK YOU!
Posted Using InLeo Alpha