SkyRock Signals

​​#Analysis

#BTC

BTC perfectly follows our analysis, after the price touched the resistance of $6800 level, the market does not have enough strength to move higher. Now the price down to the level that was the recent local resistance which now acts as a support. There is a high probability of breaking it, according to our previous signal for short position on BitMEX. If this happens, then we can again face with a downtrend like it was forecasted in the short term analysis. Be cautious, altcoin markets also do not show positive moves right now, as BTC instability brings uncertainty for investors. The possibility of a further BTC growth, we need a rebound from the current level of $6500 to the zone above current resistance. If this does not happen, then our short position and BitMEX signal is in power the price should move to area of $6300.