GAEA Investment Research Center — After a sharp rebound on Tuesday, the Bitcoin price was blocked at around $7,132. The K-line yesterday grew a “cross star” pattern and the price swung between $6,900 and $7,100 which was pushed down slightly.

Investors are suggested to reduce trading volume and wait for further movement. It’s advised to increase the volume in small sizes if the price breaks the neck of $7,100. Otherwise, if the price goes down below $6,900, the trading volume held in hand should be considered to reduce.

Source Date: August 30, 2018