#BTC

Bitcoin was unable to hold values above the resistance wall of the falling wedge patterning this was again accompanied by triggered stops and shorts that pushed the price rocketing down.

It is currently below the 39,600 level - the bullrun low. Anyway, a very strong level is 37,400 where there is very strong support and 2 fibonacci levels intersect there, if BTC price gets below these levels as well and confirms here in resistance, I think a bearish scenario to 33-28,000 will be fulfilled.

If the price stays below 39,600 and the daily candle is closed here, I expect a fall to 37,400 at least, where I will have a buy position set.