Welcome to a bearish bitcoin week. We have come this far to retrace our steps. Basically, a lot of misconceptions about the next bearish trend and when it will occur. Well, I can categorically tell you that the era is at hand. Bitcoin price has dropped below the 200 EMA which signifies the golden cross. Any movement henceforth is decleared bearish. Sometimes a lot of persons don’t know they can still capitalize on the bearish trend, though it’s best to be experienced in trading in order to avoid heart-breaking losses. Bitcoin price has dropped on $7,637 support and is restricted by $8,271. What we can do now is hope, but nonetheless, bitcoin price will still drop further.
Looking at the technical indicators:
Major Support Level – $7,637
Major Resistance Level – $8,271
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