Bitcoin will drop to major support at $9531. What ever price action tells us at that point will be the tell tale sign of the short term fate for bitcoin. A break below $9531 will be confirmation of a down trend (atleast in the short term) as we see higher bottoms and lower lows from July 10th to today. A bounce at the $9531 will be positive for Bitcoin, but not necessarily a change in trend (which would only be confirmed as up once price breaks the 1/2 angle drawn).
Happy Trading
BTCUSD
Happy Trading
BTCUSD
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