BITCOIN: ANOTHER BREAKDOWN.
Hello traders, here's a quick update on BTC.
What a horrible situation for BTC and other altcoins. The dip keeps on dipping breaking all the support levels. In my tradingview account, I posted an update regarding BTC. There I mentioned the strong support at 29.3k and 28k could be the next support if it breaks down below 29.3k. Soon after the post, BTC broke down below 29.3k and is currently holding support at 28.5k dropping exactly up to $28085.
This is it, if BTC fails to hold this support then 26.8k could be the next support range. A bounce on the other hand can push the price back to 30.7k. The RSI is at the oversold range and it must bounce back.
What a horrible situation for BTC and other altcoins. The dip keeps on dipping breaking all the support levels. In my tradingview account, I posted an update regarding BTC. There I mentioned the strong support at 29.3k and 28k could be the next support if it breaks down below 29.3k. Soon after the post, BTC broke down below 29.3k and is currently holding support at 28.5k dropping exactly up to $28085.
This is it, if BTC fails to hold this support then 26.8k could be the next support range. A bounce on the other hand can push the price back to 30.7k. The RSI is at the oversold range and it must bounce back.
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