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James_Winsoar

Bitcoin price could drop to $7,349 before bounce back to $8,863

Short
Bitcoin (BITFINEX:BTCUSD)  
James_Winsoar  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Bitcoin (Cryptocurrency) bitcoinforecast bitcoinprice bitcoinusd BTCUSD
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trendanalysis chartpattern bitcoin bitcoinforecast bitcoinprice bitcoinusd btcusd
Looking at the correlation between MACD and the bitcoin price on the 1 hour chart, it seems likely to me given that the RSI is currently very high, we will see a short term drop in bitcoin down to the lows seen before the weekend, then the price will be very low and a correction could take the price gradually back to levels in the region of $8,863.
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