BTCUSD STRONGLY BEARISH BELOW $5,700
Bitcoin has crashed to a fresh 2018 trading low, amidst a strong technical sell-off in the broader cryptocurrency market on Thursday. The BTCUSD pair is strongly bearish while trading below the $5,700 level and risks deeper losses towards the $5,000 level. Price has also broken below the neckline of a large head and shoulders pattern on the daily time frame.
The BTCUSD pair is bearish while trading below the $5,700 level, key support is now located at the $5,300 and $5,000 levels.
If the BTCUSD pair trades above the $5,700 level, key resistance is found at the $5,800 and $6,000 levels.
The BTCUSD pair is bearish while trading below the $5,700 level, key support is now located at the $5,300 and $5,000 levels.
If the BTCUSD pair trades above the $5,700 level, key resistance is found at the $5,800 and $6,000 levels.
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