Bitcoin Daily Forecast - 28 May 2018

Published 05/28/2018, 01:51 AM
Updated 07/09/2023, 06:31 AM

Bitcoin

Bitcoin breaks 10 month trend line support at 7650. If we cannot hold above 7500 then bulls have lost the battle and the outlook turns significantly more negative. On a break below 7200, I see no reason for us not to retest the April low at 6500/6450 but I doubt it will hold this time.

Bulls need to beat 7600 but we run into resistance at 7850/7900. Above 8000 allows a recovery to 8260/90.

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