Bitcoin analysis for September 24, 2018
According to the H1 time – frame, I found that Bitcoin might finish that current downward correction (abc flat) near the level of $6.565. The level of $6.555 is a strong support because it is also the swing high from the background. Be careful when selling Bitocin at this stage. My advice is to watch for a potential breakout of the supply trendline to confirm further upward continuation. The upward tarets are set at the price of $6.853 and at the price of $7.000.
$7.296 – Intraday resistance
$6.220– Intraday support
$6.853 – Objective target 1
$7.000 – Objective target 2
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