Bitcoin Going down a scary path in this bear market.. BTC will begin to rise again here shortly we have fallen over $1000 within the last couple of days and have broken through the bullish moving average and fell down to a major support at $6400 AKA where our last bullish run started.
Now that we are in the $6400 range I believe it is now finally time to retest the moving average and during this attempt I do not see us breaking out anywhere above $7100 MAX my personal Sell target is $6900 -$7100.
I have a stop loss placed if the price of Bitcoin moves anywhere under $6425 because doing so will break the support and possibly send us straight to that $6,000 mark.
DO NOT FORGET YOUR STOP LOSSES!!
Overall I see us retesting the moving average around 7K and afterwords heading down to $6K where we may see a small bounce to around $6500 but then another retest resulting in a break of the Bottom causing panic and us to reside down to the low $4800 Zone were we will make our new Bottom before another moonshot !!
BUY TARGET / HODL TARGET: $4800 BTC
CURRENT TRADE: $6450 Bought and a Sell Target of $6900 + with a small stop loss set under $6425..
Whats your guys thoughts and where do you see BTC Heading in the near future??
