Bitcoin (XBTUSD) is likely to continue lower here.
The initial move on the 11-June confirmed the drop, now we are seeing a follow up develop after a bounce.
Bear volume is moving higher and the indicators are starting to look weak.
Prices breaking below EMA50 and MA200 is also another strong bearish signal.
Prepare for lower prices.
Namaste.
Bitcoin is making cup and handle pattern for breakout if it break the upper level then it can show almost 1000 point onsided move .if want the exacy buy level hit the like button and follow me . i will update through message .
Bitcoin is on Very crucial Channel Resistance.
Break channel on top with good upmove can bring good bullish movement.
If Retrace up to 8173, trend reversal can happen.
Bitcoin after making a bear flag pattern has broken the lower support trendline with spike in volume suggesting distribution.
One can short with a stoploss of 6500 for the target of 4000.
Bitcoin has reached the key area as was predicted in NOV 2. Now there is a higher probability for a bullish move. If the level is not held then it may fall to the second level of support and then move back up.
