BitcoinShort
Bitcoin Breaks Key Level!! 📉😱
Bitcoin has blasted through support at 34.9K, which we expected to put up a bit more of a fight as it is a major Fibonacci level on the daily. This is certainly a very bad sign for BTC, which careened through several levels below on the weekend. We will be putting out a longer term analysis on the daily chart later. But for now, we have broken 34K and are in a vacuum zone between this and 32.3K. The Kovach OBV is abysmally bearish, but we are starting to see some green triangles on the KRI suggesting perhaps the bleeding might stop soon, even if it's just a relief rally.
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