Ransquawk

The last days on Bitcoin’s most popular crypto account were marked by consolidation, which falls just above the key support level located in the price region of $ 6,000. This area has not yet been tested again, so its test should give at least a short-term rebound.

Picture 1. Technical analysis, bitcoin, D1, 10.04.2018

In the case of breaking the above mentioned level of support, the road to attack for next support in the area of 5000 dollars opens. This will be practically the last most important level that may be able to stop deeper falls.

Picture 2. Technical analysis, bitcoin, H4.10.04.2018

Potential demand rebound first problems should be encountered in the area of local resistance of 7,500 dollars.

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