Bitcoin (BTC) Update

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Since our last post, BTC validated the double top and after testing the double top , BTC moved down sharply as we expected.

BTC as also breached an intraday support @ 8300 and currently consolidating near 8300.

We expect further move down from the 8300 area, if BTC breaks 8300 UP then expect 9400. However, overall long term trend remain bearish .