BTC Analysis 5/07 BTC-USD

BTC / USD is still in an intact uptrend channel at the bottom channel boundary. To maintain this upward movement, it is important that this channel line is not break down on a daily basis. Otherwise, correction potential will be in the range of $ 8,500.00. There, however, the price should stabilize and start a renewed attack on the 10k mark.

Just two days ago, BTC was able to climb to $ 9,990.00. There, the bulls left the field and there was a small reset. I expect a 10,000 magical retest will take place this week.

This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!

Cheers Jessy