BITCOIN: WILL IT HOLD OR WILL IT FALL?
BTC update:
BTC is at the edge of falling pretty hard but whether the $16.8k support is strong enough to hold the price? This question is taking quite an interesting turn. Chart-wise, BTC looks bearish and a drop toward the lower trendline ($15.5k) is expected.
Key points:
1. $16.8k support holding the price.
2. Breakdown will create higher chances of a bearish scenario.
What do you think about the current move on BTC?
Do you think the $16.8k support can hold the price or we will see BTC dropping down to the lower trendline?
Trade safely.
BTC is at the edge of falling pretty hard but whether the $16.8k support is strong enough to hold the price? This question is taking quite an interesting turn. Chart-wise, BTC looks bearish and a drop toward the lower trendline ($15.5k) is expected.
Key points:
1. $16.8k support holding the price.
2. Breakdown will create higher chances of a bearish scenario.
What do you think about the current move on BTC?
Do you think the $16.8k support can hold the price or we will see BTC dropping down to the lower trendline?
Trade safely.
BTC Update:
BTC is still trending below the resistance level. We need to be careful here. A breakout will confirm something good for the market but a breakdown could cause some bearish scenarios.
Trade Safely.