Monthly reviews

Monthly BTCUSD market technical outlook

Cryptocurrencies
Monthly chart:
Market stays under the pivot-level of $3158 for a coin for the fourth month. This, from one hand, allows investors to reckon on bitcoin recovery towards the middle Bollinger band (6466), but from the other hand, doesn’t cancel long-term negative forecast of decline towards the lower band ($763). Given the absence of direct long or short signal, we can suppose, that flat will be continued.

Expectations:

Continuation of flat in the 3158-4250 range.

Trading recommendations:

Seeking for trades on local charts.