BTCUSD a short term forecast

5 באפר׳ 2018

BTC hasn't not consolidated above $7300 resistance level from our previous analysis. There was a BB contraction and a huge sell volume . The price dramatically went down within several hours. The market is still very risky and unstable. However in the long term BTC will grow to new height, in the short term we should carefully consider each our move.

In a short period of time we expect a small decrease and retest of $7100 resistance level . It seems like it won't be broken and the price will move down again. It is still about time for market to recover and we should wait till the next wave of growth.