Bitcoin (BTC/USD) Daily Chart Analysis For January 7, 2021
Technical Analysis and Outlook:
Bitcoin losses widened since last week after completing Outer Coin Dip $42,500 and Key Sup $40,700. The current course designates a down path to the next Outer Coin Dip $40,000 - thereby pending confirmation with BARC (Proprietary symbol- Not shown) the BTC is bound to rebound to our Mean Sup $47,700, and beyond.
Bitcoin losses widened since last week after completing Outer Coin Dip $42,500 and Key Sup $40,700. The current course designates a down path to the next Outer Coin Dip $40,000 - thereby pending confirmation with BARC (Proprietary symbol- Not shown) the BTC is bound to rebound to our Mean Sup $47,700, and beyond.
Commento:
Nailed it