BTC/USD : BITCOIN Price Weekly Analysis

[sanjo1986]

Last week lowest price 7599$

Resistance Levels: 9300$, 9600$ 10500$

Major Support Level: 8000$

Resistance Level: 10500$

After the strong decline we can see the correction, but the corrections levels looks horizontal.

We have seen the deadly decline last week from 11800$ to 7599$.It has crossed different support levels but stayed the strong resistance at 7500$.The correction was made quickly and the price reaches to 9300$.

We cannot expect a quick recovery as it has to cross many support levels to survive.

If you want daily updates , please follow @sanjo1986

Comments

[randyxrodriguez]

Help

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[extraterrestrial]

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[tamala]

Thanks for the insight.

[robus]

Thanks

[rkbgold]

Thanks for the info! Every little bit helps.

[cryptonitegirl]

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[princefm]

Thanks for this wonderful update. More strength sir. Following you.