Bitcoin (BTC/USD) Outlook: Bitcoin Post-Collapses Counter-Offensive
2021-06-09 19:42:00
Michael Boutros,
Strategist
Bitcoin Technical Price Outlook: BTC/USD Trade Levels
Bitcoin updated technical trade level– Daily & Intraday Charts
BTC/USD plunges towards key support at 30655- resistance / bearish invalidation 41930
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Bitcoin prices plummeted a staggering 53% from the record highs in April with the sell-off responding to downtrend support. Yesterday marked the third test of this critical support zone and while the broader outlook remains ominous from a technical backdrop, the immediate decline may be vulnerable here with the bears at risk in the near-term. These are the updated targets and invalidation levels that matter on the BTC/USD technical price charts. Review my latest Strategy Webinar for an in-depth breakdown of this Bitcoin setup and more.