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According to the H4 time - frame, I found that Bitcoin is still in the short-term balance and that my last analysis is still active. The high of the balance is set at the price of $6.710 and the low of the balance is set at the price of $6.163. Most recently, I have found successful rejection of the support at $6.313, which is a sign that selling looks risky. My advice is to watch for buying opportunities. The upward take profit level is set at the price of $6.710.
Support/Resistance
$6.454 – Intraday resistance
$6.313– Intraday support
$6.710 – Objective target
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With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.
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