Bitcoin at New Local Lows! Where to Now?
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The weekly chart closed yesterday with a nasty reversal candle. Today, as expected, we’re seeing follow through.
![Screen Shot 2019-07-01 at 12.37.13 PM.png](https://steemitimages.com/640x0/https://img.whaleshares.io/wls-img/workin2005/c22b66d3d6afa1db80745d662f0ea48f77da0205.png)
Bitcoin has now broken below the 0.5 fib. It’s tested $10K, with a nice bounce. If you scaled that, congrats! It does look like bitcoin will make a second attempt to break $10,000. If $10,000 does break, price may quickly fall to $9,400.
![Screen Shot 2019-07-01 at 12.36.10 PM.png](https://steemitimages.com/640x0/https://img.whaleshares.io/wls-img/workin2005/99d39ff87e37841a4d4620bbcc848b644887638e.png)
In today’s video I discuss where price may be heading next, key areas to watch, possible targets and so much more. I’ll also answer your questions near the end. I hope you find it helpful.
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
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