I will be buying more Bitcoin in range of $1250-$1500. Get ready for more shopping!

Speculations and Fear are working perfectly to bring BTC price down.  This will help elite investors to benefit yet again on a market which  was meant for everyone. In future mainly only super rich will hold BTC  and we will not be able to buy them. 

I will be buying more Bitcoin in range of $1250-$1500. Get ready for more shopping. 

 Bitcoin Price Breaks Down: 

This past week was mostly bearish for Bitcoin price, as it moved below  the $2400 support area against the US Dollar. It seems like the pair  failed to hold the same and settled below $2400. There was a sharp  downside move, as the pair traded below the $2250 and $2100 support  levels. 

At the moment, the price is trading near another crucial support at  $1900 - $2000. Buyers are struggling to hold $2000, which is why BTC  remains at risk. The $2000 support is very important, especially a daily  close above or below $2000. If the price manages to avoid a daily close  below $2000, there are strong chances of a recovery. On the other hand,  if there is a close below $2000, there can be more declines towards  $1800. 

On the upside, there is a bearish trend line at $2150 on the 4-hours  chart. Moreover, the 38.2% Fib retracement level of the last decline  from the $2396 high to $1958 low might also act as a hurdle near $2125.  Selling rallies near $2125-2150 may be considered in the short term. 

Looking at the technical indicators: 

4-hours MACD (Moving average convergence divergence )– The MACD is heavily bearish and signaling more declines.

 4-hours RSI (Relative Strength Index) – The RSI is attempting a recovery from the oversold levels. 

Major Support Level – $2000 

Major Resistance Level – $2150 

  #HappyEarning #LearnAndEarn