Bitcoin Daily Forecast - 26 July 2018

Published 07/26/2018, 03:56 AM
Updated 07/09/2023, 06:31 AM

Bitcoin (BTC) Weekly Chart

Bitcoin sell on a bounce to as 8500/8600 with stops above 8800. A break higher however is a longer term buy signal. If we hold above 8800 just buy and forget about the position for a while...we should go significantly higher.

Failure to beat our selling opportunity at 8500/8600 as expected, targets 8200/8150, 8050/8000 (we bottomed exactly here yesterday) and support at 7870/7840. (Do not buy here but we could bounce initially).

On further losses look for 7700 and good support at 7500/7450 for profit taking on shorts.

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