Bitcoin price action break down important support at 8911$. Current hold above 8700$. Potential plan A target 0.618 fibs price level at 8553$, Next target Prev. Montly open at 8300$, Most bearish at 7950$.
Volume: Sell pressure increased, confirm bearish price action.
Indicators: RSI bellow 50 points, MACD bearish crossover bellow zero line. Bearish sign.
S/R: Support at 8700, Major Support at 8300, Resistance 8911, Major Resistance 9329$ 0.382 fibs.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Volume: Sell pressure increased, confirm bearish price action.
Indicators: RSI bellow 50 points, MACD bearish crossover bellow zero line. Bearish sign.
S/R: Support at 8700, Major Support at 8300, Resistance 8911, Major Resistance 9329$ 0.382 fibs.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
