Aurum Markets Blog Technical Analysis A potential bearish movement on BTCUSD

A potential bearish movement on BTCUSD

A potential bearish movement on BTCUSD post thumbnail image

BTCUSD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 7 days and may test it again within the next 2 days.

Supported by Downward sloping Moving Average

Target: 76435.075 Entry: 83505.42 Stop: 86729.82

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