DaveStyles

Bitcoin could go lower

BITSTAMP:BTCUSD   Bitcoin
It appears theirs some selling going on with Bitcoin. Bitcoin fell through support at $949.33 and bounced off of the next support level at $890.36. We got a bullish engulfing bar at support which means price could continue to climb to resistance at $949.33. If a new candle closes bellow support then this could be a good short opportunity

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.