Bitcoin Moves Below EMA50 | Weekly Timeframe

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The weekly candle for Bitcoin ( BTCUSD ) closes in less than 1 hour and prices are starting to move below EMA50... This can lead to an additional drop.

If EMA50 ($8242) fails to hold as support, BTCUSD is very likely to move lower and hit $7414 or EMA100. The indicators are bearish and last week's candle is a full bearish one.

Here is the previous analysis | Feb 28 - Bitcoin Will Bounce After This Happens...

Feb 26 - Can't Say You Weren't Warned... Bitcoin Going To $5,000?

What's your take?
Share in the comments below...

πŸ•‰ Telegram with Free PREMIUM Trades, Motivational/Spirit Phrases & Bitcoin, Altcoins, PREMIUM/PAID Channels (🌟 BC, πŸŸ₯ TC, πŸ”Ή LT, 🟒 TS), πŸ“© Contact & More!