Bitcoin just dropped below a key support level at 7500. As per my previous analyses, I'm now in a short position looking for the marked target area. I believe that at this point the possibility of Bitcoin dropping down to 4400 is higher than ever. After breaking below that Symmetrical Wedge, Bitcoin was on track to move lower. There was a test of higher levels of resistance after this break which paved the way for a move even lower. The move that took Bitcoin to all-time highs has now been lost (7500). Good luck to all trading BTC, remember to do your own analysis and rid yourself of your own biases on how you feel it's going to move. Instead, look at the chart and try and understand whats it's telling you is going to happen. If you like this analysis please leave a like and follow.
