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Bitcoin Could Return To Recent Lows If It Drops Below $7,120
Summary: Cryptocurrency analyst CryptoBirb believes that $7,120 could be a significant price point in predicting Bitcoins future heading into the new year. In a tweet CryptoBirb stated that by using the Parabolic Stop And Reverse (PSAR) to predict pricing one could expect with a closing 4h or HTF candle below $7,120 that Bitcoin would return to ...
Cryptocurrency analyst CryptoBirb believes that $7,120 could be a significant price point in predicting Bitcoins future heading into the new year.
In a tweet CryptoBirb stated that by using the Parabolic Stop And Reverse (PSAR) to predict pricing one could expect with a closing 4h or HTF candle below $7,120 that Bitcoin would return to around $6,800. However, that system also predicts if Bitcoin breaks above $7,300 the coin could surge up to around $7,900.
By Ramsey Baker
Tags: Bitcoin,Cryptocurrency,PSAR
Link: Bitcoin Could Return To Recent Lows If It Drops Below $7,120 [Copy]
