BTC/USD

Bitcoin is looking tired. it has broken down of the small uptrend line which shows that the bullish momentum is weakening. A failure to break out of the $8566.4 line is likely to the breakout levels of $7750 once again the 20 day EMAis close to $7600 and is trending up hence anticipate a strong support in the zone of $7600 - $7750 therefore we suggest maintaining the stop loss $7400 on the remaining postitons initiated at $6650 the BTC/USD pair will pick up momentum above $8566.4