NextLevelCrypto

The Bears tear down Bitcoin

BITSTAMP:BTCUSD   Bitcoin
Yesterday we all have been witness of a massive bearish attack on Bitcoin !!!
Unstoppable, unbreakable drop down !
The support at 9500 USD was broken on a heavy bearish volume, what confirms a bearish supremacy in the market.
The 30 EMA is far above the price bars, so we are 100% in a bearish market right now.

We can expect a little recover of BTC today, but i see the price drop will come in the following days.
Next support target is 6050 USD.



If you found this post helpful, like, comment, and subscribe!

Telegram Signals
t.me/NextLevelCrypto


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.