Taylor1920

UPDATE ON BITCOIN PRICE CORRECTION

Short
BITFINEX:BTCUSD   Bitcoin
So yesterday I wrote how bitcoin is going to fall, this is just showing some support lines

If you look at Bitcoin on the one day charts we can see the MA 200 providing support at 4570. If bitcoin has a falling candle that closes below the MA 200 then a fall down the the MA 100 is plausible. That line will help provide support at 4200. A fall below the MA 100 isn't likely but not impossible. From then we would see a consolidation in price as people are getting ready for the next rally that would start the next bitcoin bull run.


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