BTC USD ANALYSİS REPORT

Hi friends! Welcome to this update analysis on Bitcoin! Let's jump right in. Looking at the four hour BTC 2.69% chart, we can see that the selling in BTC 2.69% is beginning to accelerate, as it plummets toward my "bear flag target." So many people didn't want to believe my bear calls. I wonder if they believe them now? We can see that BTC 2.69% has broken below the red support level . If you recall from my last BTC 2.69% post, I said that I didn't think it would be very supportive, and we can see that it isn't. In fact, it appears as though BTC 2.69% is just building a small bearish consolidation below it, at this point. Technically, BTC 2.69% appears to be confirming that level as new overhead resistance. Looking at the MACD , we can see that it's continuing to expand to the downside, as red volume begins to increase in this market. On the way down, BTC 2.69% may find support next at the previous low ($9,005,) denoted by the blue dotted trendline on the chart. Just below that, we have the 78.6% retrace, which could also be supportive. A break below the 78.6% retrace, will put the bear flag target in BTC's sights. If, by some miracle, BTC 2.69% manages to break back above the red resistance level , the 61.8% retrace would be the next upside target. Overall, BTC 2.69% has entered a zone that doesn't have a lot of downside support, so there won't be much to stop it if panic sets in. Watch those key levels, and stay safe traders!