BITCOIN And Cryptos Break Bullish

Just half a day ago I made the call that we'd see a bear break here soon. Well, it did come a little sooner than I initially though, but I guess it makes sense. We broke short-term supports, and now have broken $3,425 support. This was expected though, and now we are heading back (mostly) unsupported to the $3,130 level to test it for a low. From there, it will likely break in my opinion.

As we can see so far on the daily, we're seeing nice bear volume with lots of confirmation that bears are still way in control. Technical indicators are heavily favoring bearish pressure now, and the only thing the bulls can hope for is a hold of support to make a higher low on the weekly chart (again, not likely).

Hopefully everyone's still staying safe. This is a nice chance to save your money and get a bigger supply when we find stabilization and a bottom.

Hope you all have a great week ahead!