BTC near last support before capitulation
Updated
BTC is in a bad shape, broke the 3 month diagonal trendline and closed below it, this is very bearish and if support at 8500 is lost than it might free fall. Now price lies in the exact same zone prior to last March capitulation. Maybe one more bounce before final dump. However there remains the chance of whales manipulation for a stop hunt to 10.5k, stopping out the shorts before the big dump. The month will end in dramatic moves.
Comment
can still go upComment
retested 3 month trendline, did not break above it.Comment
10.5k liquidity hunt now looks probable. Broke back above the the 3 month trendline.
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