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Bitcoin Moves Lower, Aiming At $8,000 On The Daily

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It is no secret that Bitcoin is dropping now... Many altcoins continue to grow...

Bitcoin ( BTCUSD ) just broke below EMA10 and is aiming at $8000 - $8100 next.
This price range coincides with EMA100 (purple) and EMA50 (yellow)... This looks like just the beginning of the drop.

The MACD is looking bearish as well as the RSI .
We were expecting this drop as we got a clear signal on the 19-Jan.

The next target is red.

Namaste.

Previous analysis | Bitcoin Can Easily Drop From Current Prices | $8320 Followed by

Previous analysis | Bitcoin Prints A Bearish Signal, Time To Drop?
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