BTC stress tests its 2015-2020 uptrend at 7.7K. ETH tests key level at 180

Name: FS Insight
Price range: $$$

Mar 11, 2020 • 2 Min Read

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Cryptocurrencies abruptly u-turned over weekend sending most back to key technical levels as global macro worries intensified. BTC is now testing important support at 7.5-7.7K that needs to hold to keep its longer-term uptrend intact, while ETH is also testing a key level at 180.

BTC – Benefit of the doubt as BTC is oversold short-term at long-term trend support. Last week, we highlighted BTC was likely starting a short-term rebound only to promptly see BTC collapse through the weekend back to key support at its 2015-2020 uptrend and 62% retracement of the 2H 2019 rebound. Given dail...

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BTC stress tests its 2015-2020 uptrend at 7.7K. ETH tests key level at 180

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