Publication: Free Analysis (Promotional) Author: MKSara.com Ticker: BTC Description: Bitcoin Type of Analysis: Technical Source of Analysis: Price Action 2 Hour Candlestick
Trend Analysis: Consolidation Trend Velocity: Pause of Negative acceleration with a possible resumption in velocity Current Price: 9244 5 Day Forecast: None Price Range : 9366 resistance and 9088 support.
Conclusion: Observe the current price action and stalk the security. Failure to break above 9366 would provide an opportunity for price entry to short BTCUSD again and reattempt a penetration below 9088. It is likely BTC may not reach 9366 and find resistance at 9300 and if that be the case a following update will follow. Notice served.
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