[ Bitcoin ] Bitcoin making lower lows and support failing. This is not fun!

Hope you are having a great Friday so far. Bitcoin is on a run with the bears and it is not pretty.

Yesterday the FUD triggered an aggressive bear run and looks like it is not over yet for Bitcoin. SBD followed and is down to $2.26 (or R26.93) Down 23% in the last 24 hours. Eina!

Bitcoin broke support on support in the last 24 hours. We broke $9344. That means we are making lower lows and the bears are in control.

So where is the next support? I think it is $8401 on Bitstamp. We are currently on $8544 on Bitstamp. If we break this, we could go back to $6000. ☹

Here is Dan from The Chart Guys with his take on this down market and where it will end:

And here are the views from Tone Vays:

What do you think of the current bitcoin price and where do you think is support?

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Thank you for your support.

Regards

Colin Brazendale

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I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.