BITCOIN And Cryptos Continue Pullback Making New LowsteemCreated with Sketch.

in #bitcoin7 years ago

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We're looking at a tiny oversold bounce here, but the big story is seeing bears continue to push prices down and make a new lower low on the trend.

Bitcoin has found temporary support at the $3,337 level, which isn't really significant in any capacity. It will likely break again after this little move up, although we're probably going to see a bit of sideways trading and consolidation if I had to make a guess. It seems like we'll get a small consolidation wedge here to let the 4-hr RSI cool down before bears will keep the pressure up and drive prices down lower.

Hope everyone's being safe with those stop-losses set!

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