Happy new month folks. May this new month bring good tidings to our lives. Bitcoin in itself is in a fix as bitcoin price is still in a downtrend. Last week I suggested waiting for the cross of $7,783 before we make an entry. Note that most of the suggestions here are for swing trades. If you seek short term trades then these insights might not be for you. From experience, I have gathered that crypto trading pays in the long term than the short term. Basically, I will be holding back for a while as the next support is $6,898. After $6,898 has been touched then wait for the MACD cross before taking your next entry.
Looking at the technical indicators:
Major Support Level – $6,898
Major Resistance Level – $7,324
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