Bitcoin is currently testing/breaking the 9642 $ Support. This is very bad because this means that BTC will potentially go to 9000 $. If Bitcoin breaks that support, then it will go to 8700 $. Like I indicated in red on the chart, BTC is currently in a « Shoulder - Head -Shoulder » pattern. This is not good news because that increases the chances for Bitcoin to go to 9000 $ and later to 8700 $. We can see on the MACD chart that the blue line crossed the orange line to the downside. That’s also not a good news! In my opinion, Bitcoin will bounce back up if it hits the 9000 $ support, but we will see. In the worst situation we will see Bitcoin going to 7500 - 7800 $.
