BTC price movement
Updated
Current bullish movement will touch on 9000usd down trending channel resistance.
With current lack of buyers the price will be rejected.
Once buyers are exhausted the drop will be fast back down to a strong previous support line around 5000-5200
Which also falls on a strong previous trend line and the current down trending channel support line.
I cant see price getting much lower than this with out a whole heap of fundamental help
With current lack of buyers the price will be rejected.
Once buyers are exhausted the drop will be fast back down to a strong previous support line around 5000-5200
Which also falls on a strong previous trend line and the current down trending channel support line.
I cant see price getting much lower than this with out a whole heap of fundamental help
Note
If we drop down after hitting 9k support but get a small bounce of a support line around 8300 and close above the previous LH, it will 80% complete a head and shoulders pattern, which will follow a trend reversal and we could turn bullish again :) fingers crossed.
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