Bitcoin descent put it at a support zone

Aug 29, 2019

Bitcoin dropped yesterday following a heavy drop in altcoins. This drop happened at 4.00 UTC in less than 30 minutes. Currently, the price is in the area of previous bottoms made in July. The green area represents a supply area on previous occasions which would trigger upside bounces to test the 10K again. Technical indicators are bearish, also in the daily timeframe.