UTC-05:00,Friday , May 24th 2019

CoinDesk Analysis: BTC's UTC Close Above $6630 Will Invalidate Bearish View

06:26 Friday , October 12th 2018
After Thursday's range breakdown, the prospects of a deeper drop in BTC prices have increased, the price-volume analysis indicates.

BTC kick-started a bearish move toward $6,000 yesterday by falling to lows below $6,300.

The probability of a drop to $6,000 has increased in the last 24 hours as range breakdown was backed by a pick-up in trading volumes and a rise in the short positions and a drop in the long positions.

A UTC close above yesterday's high of $6,630 would invalidate the bearish view.
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