SkyRock Signals

#Analysis

#BTC

Update

Double bottom at the 4-hours time frame has just been tested. The price bounced 2nd time from the level of $3 640 and consolidated above local resistance around $3 800. As always Bitcoins’s upward movement brought a quick short term profit and recovering. We recommend to fix the level of current positions as Bitcoin has not enough power to break through the next level around $3 940. When corrective wave finishes you should reopen them again.

Bitcoin and the crypto is in crisis now, nevertheless there were a lot of serious drops in BTC price earlier. Binance CEO Changpen Zhao once sold a house to buy Bitcoin, and three months later the exchange rate fell by more than 65%

«It is a pity that I can not tell you the story of my failure in 2015, when the price of BTC fell below $200. And I just sold my house and bought Bitcoins for $600 a few months earlier ... It's good that I'm still here» Zhao wrote.

Every time BTC price fell dramatically times lower it always manages to reach new ATH. Be strong and confident

Sincerely,

SkyRock Signals