3rd September - Cryptocurrency Price Analysis - By Shivkumar
BTC turned down from the $12,113.50, show bears are in control.Look for the level $11,558.
Bearish if the bears sink and sustain the price below the $11,000 which has a pattern target of $9,540.
Bulls will attempt to defend the $10,400–$10,000 zone.
If the price rebounds $11,000 levels, likely remain range-bound for a few days.
Bullish if the bulls can scale the price above the $12,113.50–$12,460.
The couple of days are are critical and look out for the breakout or breakdown from the $11,000–$12,113.50 range, which could start a new trend move.
Bearish if bears sink pair below $415.634, a drop to $366 is possible.
After intraday fall to $416.248, bulls are defending $ 408.
Technical chart are in favor of bulls. If successful the next price target to $ 480.
Due to huge selling pressure at $0.303746 and this pulled the the price to $0.262484.
Bearish below $0.263 and bears could be a deeper fall to $0.235688 increases.
If bull defend $ 0.263 pair could remain range-bound between $0.26–$0.30 for a few days. Or On a close above $0.30, a move to $0.326113 is possible.
Technical charts suggest bears have a minor advantage.
Bearish if it falls below $245 a drop to $217.55 is possible.
Technical charts show bears have advantage.
The bearish view will be invalidated raises and sustains above $ 280.
Disclosure: The author holds no cryptocurrency at the time of writing.Register for Technical news and market update email@example.com || Facebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto|| Whats App :- +91-70439-12326