Bitcoin drop to continue
After yesterday's drop I expect further weakness in Bitcoin for the rest of this week. If price retraces up to the the resistance around $6,350 it may selloff from there and print the high of the day around these prices.
I expect price to target the lows of this month, with further downside targets being the lows of August and June.
At the moment, I find it hard to see how any bullish momentum is going to build up and push price higher than $6,600.
Good Luck.
subscribed to you and I hope for a mutual subscription
Thank you, will do.
How do you think @trader-ba what will happen next?
Depends how far you look at it. Until the end of the year I expect Bitcoin to drop below $5,000. I believe it's a matter of time. This month is the end of Q3, so they may delay the drop until the start of Q4, which is in October. But once price gets below $6,000 it's gonna be a blood bath.