BTCUSD

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BTCUSD

Bitcoin erased all the losses it made last week due to the Mt. Gox Incident and the re-selling pressure of the stolen 850 thousand Bitcoins, but BTC also got its share, albeit a little, from the decline in the NDX Technology index due to the failure of the TESLA GOOGLE Balance Sheets to meet the expectations. BITCOIN, which was at the level of 66960 while the Analysis was being prepared, can remain strong, which shows us that it will not fall to those levels without a very important decline story in order to go below $ 50000. On the technical side, BTC, after breaking the daily band of $ 67590, is the most important support level at $ 65520 in open retreats up to $ 68740, if the selling position continues from here, we can see a retreat to $ 63930. Support: 65520 - 63930 Resistance: 67590 - 68740