We see Bitcoin moving lower as it breached the support level at $8571 after breaking the base of the descending triangle. We now see further downside towards the beginning of May lows at $6536 unless there is a sustained rally in the cryptocurrency coming days.
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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.