BTC/USD - Bitcoin Breaks Down - Trend-Line Support at 11k

16 Oca 2018

Bitcoin broke down from its symmetrical triangle, currently sitting at trend-line support at 11k. We saw buyers jump in at 11k after the drop from 20k, so we might bounce back into the consolidation range. If we break the trend-line support at 11k things will get ugly for bitcoin, possible drop to 8k support.