$BTC.X #cryptocurrency #BTCUSD #Bitcoin likely more downside
in the near-term, as we confirmed resistance at $13,000. Notes on the chart but looks like we'll test the next level of support in the not so distant future, which should be stronger than at $10,000 for reasons mentioned. $6,400 might be a capitulation area as traders see $5,000 as very strong support and catch it before we get to $5000. Also note this would line up with 2013-2014 bear market on a shorter time frame. See
for reference and a write-up I did at: thebitnote.com/the-b...rket-in-2018-part-i/
The question here is the time frame and how long these levels may take to play out. We can certainly have a number of bounces before seeing them, but from my perspective the levels shown are the important ones longer term; anything else keep in mind will be in play for shorter periods of time.
The question here is the time frame and how long these levels may take to play out. We can certainly have a number of bounces before seeing them, but from my perspective the levels shown are the important ones longer term; anything else keep in mind will be in play for shorter periods of time.
