Bitcoin Important Price Update
Bitcoin has broken the long term uptrend again and is falling down as I predicted here.
Bitcoin needs to snap back quickly here or it will continue to drift down towards the 2320 support level soon. If that level is taken out then we can expect a retest of 2120. I highlighted the reasons why I thought Bitcoin would fall and not make a new high in my last post. How it reacts at the support levels shown is key. Supply is still present so its best to sit on the sidelines and monitor the price action from there.
Bulls need to step it up soon because if Bitcoin cannot maintain above the support levels then we could have a bigger fall in the near term possibly to the 1860 level. I would like to see sellers dry up as we move down towards supports. As long as 2120 is not violated then there is still a possibility for new highs to be made in Bitcoin. I will continue to provide updates so stay tuned.
GL traders
Thanks for the price milestone updates
No problem my firend. Steem is now falling aas well
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