Bitcoin has broken the key support level at $8572 and we therefore see further downside below $7000 to the next support level at $6536. Having been in a downtrend since the sharp rally in June and failing to gain positive momentum on the upside we would be cautious in taking a long view unless the cryptocurrency consolidates above the $10000 psychological level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.