The bitcoin price is headed lower much faster than when it was going up. Price has recently broke through nearby support, buying increased but the selling pressure is pushing price below the support level. If this support doesn’t hold, we could see price drop even lower. $8500 is the key level to look at.
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Further Reading
Bitcoin Is Not Yet Bullish. Don't Get Trapped In A Long
Over the past hour we saw nearly a 500 rise in price (again) in a matter of minutes. Is this a trap?
My concern is that we are seeing a bull trap play out on the log chart as we already saw on the linear chart twice.
If that is the case this co…
Bitcoin Price Prediction for 2017 Using Technical Analysis
What’s a reasonable Bitcoin price prediction in 2017, after just hitting a new all time high?
Watch a technical analysis using Fibonacci levels to see what the next price targets are in the short and longer term.
Could bitcoin reach $100 000 this y…
The Bitcoin Shakeout Jan 2021 Trading Update with Willy Woo
Willy discusses the run up of the bitcoin price to $42K
Can Bitcoin Hold on to 10,000 Level?
Can Bitcoin hold on to its 10,000 “magic number”… or let it slip away?
We will examine this in this post.
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