Ethereum Might $230 Says This Week’s Bitcoin Crypto Technical Analysis

trade floor 768x323 1

The weekly Crypto Technical Analysis is provided by Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Needless to say, all statements and views expressed below and any forecasts contained herein are solely based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex and Trustnodes bears no responsibility for trading results based on trading recommendations and reviews contained herein. Bitcoin Bitcoin managed to keep the price above current support levels, but there’s still a significant risks of seeing BTC/USD much lower. It should be kept in mind that the triangle has not been executed yet as the closest resistance level is $9,190, but the indicator values are growing and we should expect a test of the trendline, which may provoke a decline. This might be confirmed by a breakaway of the lower border of the descending channel securing below $6,875. The negative scenario might be canceled by…

Read the original article here