Bitcoin Breaking Below MA200 Is Bad News...
Bitcoin (BTCUSD) closing below MA200 is bad news, the next support is sitting at EMA300 or $8536...
If the above level breaks, the next drop can take Bitcoin low to the ~$7600-$7700 price range.
The tendency is down now and Bitcoin is looking bearish, we've been calling a drop since prices peaked a few weeks back.
While Bitcoin takes time out to consolidate its growth, it is time for the altcoins to turn and go.
Namaste.
If the above level breaks, the next drop can take Bitcoin low to the ~$7600-$7700 price range.
The tendency is down now and Bitcoin is looking bearish, we've been calling a drop since prices peaked a few weeks back.
While Bitcoin takes time out to consolidate its growth, it is time for the altcoins to turn and go.
Namaste.
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