Bitcoin Price (BTC) Breaks Key Support: $8,800 Bearish Target Could Be Real | NewsBTC
In the past few days, there were heavy losses in bitcoin price below the $11,000 support against the US Dollar. The BTC/USD pair even broke the key $10,800 support area to extend its decline. Finally, there was a break below the last swing low and a major support area near the $10,500 level. The price settled below the $10,800 level and the 100 hourly simple moving average. A swing low was formed near the $9,784 level and the price is currently correcting higher.
I know bitcoin has a rascally behavior of doing the opposite of what the majority think especially coupled with the fact that big whales are watching to pick up discount btc when there is so much FUD in the cryptosphere.
It is interesting how majority of noobs by high and sell low, Until one is totally free off the shackles of responding to FUD, only then can someone thrive in these markets.
However, this may not be one of those FUDs to turn deaf ears on, let everyone do due diligent research.
May the cryptos be upon us,
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