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Bitcoin (BTC/USD) Testing the March Low Around $7300

Bitcoin is in a sharp slide after consolidating for a couple of sessions around $8000. Getting into the 3/29 US session, the market is shorting BTC/USD towards the March low around $7310. I think we can expect some intra-session support here, but I think upside will be limited to the $7700-$7750 area. 

BTC/USD 4H Chart

  • If price indeed holds below $7700, then the next test of $7300 might break down the support.
  • Then, below $7300, we have to anticipate the prospect of $6000, especially if this $7300-$7400 area becomes resistance.

Crypto Trade Board 3/29/2018

Crypto 3/28/2018 Trade Board Review - Small Gains in a Choppy Market