BTCUSD Analysis by Ec Crypto

BTC remains in a lateral movement after downtrend last days fluctuating between a resistance line of $7,010 and a support line of $6,420. If the candlestick breaks out the resistance line, we will take a LONG position to reach our 1st Target at $7,400 (15.55%) and maybe the price will reach our 2nd Target at $7,800 (21.87%). If the candlestick breaks out our support line, we will take a SHORT position and wait for the price to hit 1st Target at $6,000 (6.25%) or the price might as well hit 2nd Target at $5,500 (14.06%).

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