BTCUSD is still dropping and where does it end? Here is an attempt at looking how far bitcoin will go.Looking at the lows, it is possible to draw a line where the next possible low will be. Also looking at previous lows we see a possible support at around $5900.
Now drawing a trend line downward following the downward trend we see a crossing at around $5580. These are the possible places where the downward trend will stop and reverse in an upward one.
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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.