CryptoTrendline

Bitcoin further downside

BITFINEX:BTCUSD   Bitcoin
Bitcoin continued its decline on Tuesday and seems like it may not stop until some swing lows are taken out.

Price is currently sitting at the support level around $6,500.
If price bounces, we can expect a reaction from the resistance area around $7,000.
If price continues to drop, the next support levels are around $6,000, followed by $5,000

Good Luck,
CryptoTrendline

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.