BITCOIN → Down to $90,000. Downside risks are rising for BINANCE:BTCUSD by RLinda

BITCOIN → Down to $90,000. Downside risks are rising

feels the change of mood and continues to form set-ups hinting at a possible continuation of the correction. Another retest of the 90K risk zone is possible.

On the medium-term timeframe bitcoin failed to hold near ATH, in the upper consolidation range and entered the local selling zone, under the level of 99800. A negative note is felt in the cryptocurrency market, as well as a change in sentiment. Altcoins continue to break through bottom after bottom without any positive prospects. Bitcoin at this time is most likely resentful of the US governing apparatus due to the fact that no promises from Trump have been kept so far, and the price is moving into a protracted correction in the local perspective

Briefly, here's what's going on:
Expectations: Bitcoin reserve, cryptocurrency market support, transparent regulation, pumping the market ...
Reality: new scam coins created before the US election that sucked all liquidity, market manipulation, trade war with almost every country on the planet, dumping the market into the abyss.

Support levels: 95.8 (trigger), 91300, 90K
Resistance levels: 100.2, 102.67

Technically, the situation is that bitcoin may continue its decline and test 90K again, from which the risks around 90K will grow.
At the moment, the price is in consolidation between 95.8 - 100.2. A pre-breakdown consolidation is forming near the support, foreshadowing the support breakdown and further fall to 90K. But, due to the dependence of the asset before the actions of politicians in the U.S., the price may shake out to 100.2 before further falling

Regards R. Linda!

Note

Previous ideas that started the main fall :)
BITCOIN → New targets! What will happen to ALTCOINS ?

BITCOIN → The price is getting ready to drop to 100K - 97K

Trade active

Support is broken. Scenario under implementation

RLinda

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