Crypto Update: BTC Hits 3-Week Low As Pressure Mounts
BTC turned higher off the $7,00 level after hitting a more than three-week low in early trading, and the coin is now dangerously close to its prior swing low, despite its recent relative stability. BTC is still on sell signals on both time-frames in our trend model, with support zones found near $7,000, $6,750, and $6500, and with resistance ahead near $7,400, $7,600, $7,800, and $8,200.
Our trend model remains on sell signals on both time-frames, with the next major support zone found near $130, and with resistance zones now ahead near$145, $160, and between $180 and $185. XRP is still on sell signals on both time-frames in our trend model, with support zones found near $0.21 and $0.20, and with resistance zones ahead near $0.23, $0.2475, $0.26, and $0.28.
