Bitcoin Price Analysis Feb.6: Low Volume Show No Interest As BTC Re-Testing $3350 Weekly Low

Bitcoin Price Analysis Feb.6: Low Volume Show No Interest As BTC Re-Testing $3350 Weekly Low

Following three trading days whereas Bitcoin was ranging between $3400 to $3450, the ascending trend-line had broken down, and Bitcoin recorded a current daily low of $3350.

This move is, indeed, not yet the significant move we’ve anticipated, but it got Bitcoin to retest the support line around $3350 – $3360 for the fourth time during the past week.

Remember, the more times a trend-line is being tested, the higher the chances to receive a break of that line.

Looking at the 1-day & 4-hour charts

BTC/USD BitStamp 4-Hour chart

BTC/USD BitStamp 1-Day chart

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