We have a lower high compared to June and we continue to see lower and lower .
I've been sounding the alarm since early August and now it is very clear that Bitcoin is going lower.
BitMEX is being sued and some people will say that this is the cause of the drop...
This is surely a catalyst and a factor but the charts have been pointing to a lower Bitcoin for 2 months now.
Getting back to TA and my original EMAs analysis...
Bitcoin can go as low as $5,472 or lower...
I won't detail the analysis now but we wait and see.
EMA10 is to be tested for sure at $9850...
But I see even lower prices.
What's your take on Bitcoin's next move?
Are you still on Bitcoin or do you believe now that a correction is necessary and prices will continue to drop?
Feel free to share with us in the comments section below.
I am in favor of Bitcoin , I love Bitcoin and Cryptocurrency but this doesn't make me blind to the fact that prices peaked a while back and we were expecting this drop.
What Will Happen To The Altcoins & Altcoins Market In General?
Leave a like and a comment if you would like to know my view and I will publish a new trade idea with my altcoins market analysis and how it will behave/react if Bitcoin continues going lower.
Thanks a lot for your continued support.
I will be sharing my view of the altcoins later on today or tomorrow.
Great work as always!!!