Epic_economist

Btc unlikely to stop falling until it hits a strong support

Short
COINBASE:BTCUSD   Bitcoin
The likely support that will turn into the next bottom will be around one of these areas which have confluence with Fibonacci/moving average levels and these areas are also where the price meets with previous trends. If 30k fails to hold which is looking likely based on how strong the breakout to the downside was then 13.5k will likely be seen since 20k is a really weak support. However it looks more likely that the bottom will be around 7.5-9.5k.
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.