BTC - Poor support in the green area - can freefall after 6800

Bitcoin (COINBASE:BTCUSD)

Updated

COINBASE:BTCUSD Bitcoin

Trend Analysis

trendanalysis

There is almost no support in the green rectangular area and if BTC breaks 6800 it can move down
rapidly to the 5400 area.

Comment:

So BTC better stop at the 6800 area

Comment:

BTC has bounced off the FIB ring

btc

Comment:

However in another day or so BTC is going to move to the next FIB ring. Once BTC enters this new FIB ring it should move lower to the 6896 area.

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