TradingView
bitcorntrader
Apr 5, 2018 1:00 AM

The Bitcoin Downtrend Continues Short

Bitcoin / DollarBitfinex

Description

Looks like we're going to break through support around the $6,800 level.

Next downside support looks to be strongest just above the $5,800 level - this is also where the lower of the green downtrends meets support. Expect a bounce once we reach that point, but not much before then.

Long term target of around $3,500 for the low, however as low as $2,500 is possible. Long term always hard to predict, but current price action still makes this the most likely scenario.
More