Daily analysis XBT/USD 009

Hello everyone,

Yesterday went as expected, we hit our (orange circle) and almost our hourly support with a precision of one hour (which is nice).

We seem to be hugging the lower side of the channel now and the hourly resistance moved down a notch to the $7200 levels.

The MA's are not defined correctly in the hourly but as it sits this seems like a 2:1 long trade in this range , take it or not , either way this would be a very short term long.

The Daily chart is more pessimistic with the HA candles in the red and the first real support at around $6500


There are 2 factors that might influence the price up or down right now:
- The mining difficulty will hit ATH before halving , hopes for higher XBT prices here
- The USOIL has seen the biggest drop in history ever recorder, this spells danger all over the markets , even bitcoin

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