Bitcoin (Fake breakout) Resumes Drop

Bitcoin / US Dollar Perpetual Inverse Swap Contract (BITMEX:XBTUSD)

BITMEX:XBTUSD Bitcoin / US Dollar Perpetual Inverse Swap Contract

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What we saw recently for Bitcoin ( XBTUSD ) was a fake breakout. Prices moved above support just to quickly fall back down.

Our previous view/analysis remains valid.
Prices are now trading below MA200 and also below the purple trendline.

Additional information:

Thanks a lot for your continued support.

Namaste.

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