As it was forecasted yesterday Bitcoin broke out of the triangle to the downside, meeting the first support level at around $8500. BTC price sunk all the way down 18% and the daily candle closed at the first target. It was also supported by a significant spike in volume and daily RSI reached oversold territory.
Today Bitcoin price is falling further. At the moment of writing it broke below the support level and is already down over 5%, as bears are dominating the market.
Today Bitcoin price is falling further. At the moment of writing it broke below the support level and is already down over 5%, as bears are dominating the market.