Orion-Markets

What Next for BITCOIN?

Short
COINBASE:BTCUSD   Bitcoin
So what next for Bitcoin. The chart has been stuck in a descending triangle pattern from June of this year, posting lower highs and equal lows. It appeared to be only a matter of time before a break to the downside. After a significant break during yesterdays session, sellers could begin to pick up. Looking at the chart a pullback to support followed by further downside appears to be the logical position at this time. And targets? Levels in question now lie around 7423 as next support so we are expecting further downside yet to come!

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