Dark Days for Bitcoin

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Last week, Bitcoin broke out of its descending long term trendline . However, it couldn't hold above it. Upon moving back to retest the trendline , Bitcoin broke through to the downside and has re-enetered the channel.

The next stop is likely to be around the 6000 area, and should it not bounce there, then it may fall even lower to 5000.
Here's some more bad news: if it breaks the 5000 level then we can expect to see it return to 2000! That's ridiculously low, but it also coincides with the price action of other crypto coins on the market.
Currently we have a forecast for Ripple (long term) at 0.40 - 0.50. And Ethereum (short term) to 440.

If it moves to 5000 or 2000, then it may be a good spot to buy in, pending a breakout of course. We will update then.

Do your due diligence before trading.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out