I believe that bitcoin has been in price acceptance for the past weeks. But today I think that has changed. The powerful downward move on high volume through the boundaries of the symmetrical triangle signals a shift to me. A shift from consolidation to trend.
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Next up is the important support level of $6500. But so far the response buying has been rather weak. Bearish outlook continues.
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I'm exiting my short position here. Don't know if bottom is reached or not, But I feel that we have dropped a lot in a short time.