Consolidation period. That’s how we can call the last 48 hours action since our previous price analysis – between the $7,600 to 7,700 levels. Breaking to either direction will probably lead to a fast strong move. Not a lot to say.

The support and resistance levels are the same as our last update:

MA-50 support level at $7430 then a strong support at $7,300 and then $7,000. From the bull side, breaking up the $7,700 mark will probably lead a quick move to retest resistance level at $7,900 – $8,000.

BTC/USD BitFinex 4 Hours chart

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