BTC - As predicted, we are now testing the previous low around 7300$

in #bitcoin7 years ago (edited)

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As you can see, we are very close of my prediction done 2 days ago with that chart :

BTCUSD.jpg

So we are currently testing the previous low. I expect that this support line stops the drop and helps us to start a bounce. We could go lower of that line during a brief period but we must come back higher than this line to stop the bear trend. If this line is broken with volume, please expect an acceleration of the current drop.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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Sliced right through it like butter :(

Hard as it is, we are still approx 5x higher than this time last year, which would have seemed unbelievable at that time!

The BTC rate of the current market has decreased, wait a few days to be unveiled and then increase.

Great analysis. thanks for sharing cryptocurrency update providing news.
I appreciate your post

upvote follow resteem comment like hahahaa

We could drop even to $6500 if patterns recur ...

https://www.coindesk.com/report-2-japanese-crypto-exchanges-shut/

withdrawals are in progress..

this is a "death cross" but its impact will not be according to its name.

Good time to buy! It has reached the threshold though and will become challenging when BTC mining companies opt to shut down operations. I am looking forward to the next BTC which could stem from a penny crypto - I would not be surprised. Thanks for the chart!

Great in depth analysis. Its time to HODL and buy the dip.