Mihai_Iacob

Bitcoin- And down we go

Short
BITSTAMP:BTCUSD   Bitcoin
In my previous analysis, I said that I don't believe that the correction will have the power to reach 46k, and looks like I'm right, with Bitcoin breaking under what should have been support at 42500.
Bulls are very, very weak and I expect to see 40k figure soon
The real problem now is not if it will go there, but what will happen if it does.
In my opinion, it will break under and the next obvious support is at 30k, interim support being at 35
I maintain my bearish opinion on BTC and the crypto market in general and I'm looking to add on my existing short trade on eventual rallies.


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