Bitcoin in descending channel looking like it will test $7600-$7,900 before pre-halving bull run! Definitly a good time to add to your position in the high to medium $7k range. According to the Tom Demark Sequential System on the Weekly Chart it is very likely we will have another 1-7 weeks of downside with a target at the previous support of $7.6ish.
Kommentar:
Also 100 Day Moving Average would meet the price and should act as support around the $7.6k level. The Purple Line