Cryptocurrency Update – Investing.com

Cryptocurrency Update – Investing.com

outlook remains negative as we head towards the target of 31000/30500. barely moving as we hold below strong resistance last week at 0.6300/6400 targeting 0.6000/5900. Holding below adds pressure of course.

shorts at strong resistance at 2300/2350 working perfectly as we break below the 200 day moving average at 2000 for another sell signal. Last week’s low at 1850 is the next sell signal of course in the bear trend.

Bitcoin holding strong resistance at 33200/33700 again over the weekend targets 32000 and 31000/30500 before a retest of 29000/28500. A double bottom here would help to turn the medium term outlook positive, although this is looking increasingly unlikely now. Watch for support at 27500/27000 on any further losses.