Bitcoin (BTC) Update

Since our last post, BTC validated the double top and after testing the double top, BTC moved down sharply as we expected.

BTC as also breached an intraday support @ 8300 and currently consolidating near 8300.

We expect further move down from the 8300 area, if BTC breaks 8300 UP then expect 9400. However, overall long term trend remain bearish.