BITCOIN: WILL IT HOLD OR WILL IT FALL?
Updated
BTC update:
BTC is at the edge of falling pretty hard but whether the 16.8k support is strong enough to hold the price? This question is taking quite an interesting turn. Chart-wise, BTC looks bearish and a drop toward the lower trendline (15.5k) is expected.
Key points:
1. 16.8k support holding the price.
2. Breakdown will create higher chances of a bearish scenario.
What do you think about the current move on BTC?
Do you think the 16.8k support can hold the price or we will see BTC dropping down to the lower trendline?
Trade safely.
BTC is at the edge of falling pretty hard but whether the 16.8k support is strong enough to hold the price? This question is taking quite an interesting turn. Chart-wise, BTC looks bearish and a drop toward the lower trendline (15.5k) is expected.
Key points:
1. 16.8k support holding the price.
2. Breakdown will create higher chances of a bearish scenario.
What do you think about the current move on BTC?
Do you think the 16.8k support can hold the price or we will see BTC dropping down to the lower trendline?
Trade safely.
Note
BTC Update:
BTC is still trending below the resistance level. We need to be careful here. A breakout will confirm something good for the market but a breakdown could cause some bearish scenarios.
Trade Safely.
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