BTC/USD
Bitcoin has broken below our stop loss of $7,600, and our position initiated at $8,800 has been closed. We had suggested long positions because we anticipated a pullback once the digital currency broke out of the descending channel, but we were wrong.
BTC price------------
The bears strongly defended the 20-day EMA and pushed prices back into the descending channel once again.
There is a minor support at $7,000 below which the BTC/USD pair will retest the February 06 lows of $6,075.04.
The bears strongly defended the 20-day EMA and pushed prices back into the descending channel once again.