Bitcoin is plummeting. We have seen a fall of 4000 points from the top breaking the 10000 area of support. Now it has also broken the ascending trendline (green line) dating from the end of April when the recovery started. I am expecting a free fall to the 8400 area and then further to the 6000 area, an area where the 200 MA (purple line) will also come in play. It is on that area that we might get buy signals.
Of course, as always, all this might change and Bitcoin might shoot up but I wouldnt be expecting it.
Stay patient, stay calm and do not buy bitcoin for the time being
Of course, as always, all this might change and Bitcoin might shoot up but I wouldnt be expecting it.
Stay patient, stay calm and do not buy bitcoin for the time being