Bitcoin fighting but going down
Updated
After breaking out to downside the range 11K4-11K8 , Bitcoin is currently fighting the 38.20 fib level from the downtrend 13K8 to 9K8. We already hit this support 3 times and next time might be the break and the retested of uptrendline around 10K6-10K8
If this trendline is broken , we could see further loss until 9K8 ... making a Double bottom
This bear attitude is needed in order to get more impulse on the long-term which presents also bullish signs such as Week Golden Cross coming on monday !
This means things can comes very fast !
Note also that BAKKT is launching its beta platform on 22 July
Twitter JayCGianfreda
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If this trendline is broken , we could see further loss until 9K8 ... making a Double bottom
This bear attitude is needed in order to get more impulse on the long-term which presents also bullish signs such as Week Golden Cross coming on monday !
This means things can comes very fast !
Note also that BAKKT is launching its beta platform on 22 July
Twitter JayCGianfreda
Instagram JayCGianfreda
Note
OK it seems that the fib support has been broken and the next support at 11K1 is in trouble !We can reach 10K6/10K8 very soon !
I except to reach 9K8 before Sunday evening before reversal ! that would be perfect
However we need first to see the 10K8 target !
Note
10832 reached...Now it's time for truth...
A) we can bounce and go above 11K
B) We go down and tested double bottom at 9K8 ( with possible resistance at 10K5 )
Note
WoW ! the wick perfectly hit our support level on 10K8We are currently trading back above the first support level ( around 11K1 )
Please note the GOLDEN CROSS on WEEKLY ! that is very bullish sign
This Sunday is going to be a decision-maker !
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