Since four in the morning, Bitcoin only knows one direction: down, down, down.
Pivot point is at 11220 and could be easily broken. Support line S1 at 10749 just caused a small delay. Right now, support line S2 at 10381 is ahead of us. Will it break or send BTCUSD upwards again?
The long-term targets of this down-trend are 9005 and 5568.
Pivot point is at 11220 and could be easily broken. Support line S1 at 10749 just caused a small delay. Right now, support line S2 at 10381 is ahead of us. Will it break or send BTCUSD upwards again?
The long-term targets of this down-trend are 9005 and 5568.
Note
Right now, Bitcoin is in a correction with the target 10953. It is questionable, if Bitcoin drops further right after the correction or changes over into a sidward movement. 
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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.