Bitcoin has broken below the $3,250 support to new 2018 lows, something I’ve warned about in my last few updates. I believe a drop to at least $3,000 is now likely.
The only thing standing between bitcoin’s current price and $3,000 is the 200 Day MA on the weekly chart. Many have been hoping for a bounce at this level…something we have yet to see.
In today’s video analysis I discuss, where price may be heading next, market psychology, where the bottom might be and so much more. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research before investing.
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