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Short

Bitcoin on the way to 7000 ?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi Traders,

my last Bitcoin             Update called „Bitcoin will hit 8.100$ in 48 hours“ was on point. The low was made at 7960.

You can see the sideways formation before the decline was set in motion.

Look at the same formation now, chartanalysis is always about predicting the future from historic pattern because history always repeats but never in the same way.

Okay, let´s get clear on this, a hourly close below 8.100$ will set a) 7370 and b) 7000 on the list.

These are fibonacci extensions and are minimum targets, if price will extend it will hit 6420 and possibly even 6000$ soon!

Stay aware of a further decline!

**This analysis is not a investment recommendation. Do your research on your own!**
bravo!
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