But since the 28-July, we are also seeing higher lows. This is all a period of consolidation but Bitcoin can still move lower before moving back up.
Now, the signals...
- The is clearly trending down.
- The had a crossover.
- BTCUSD price is trading below EMA10 and EMA50.
- TD Sequential.
This is all pointing to another drop.
The drop can be quick big and recover fast just as it can be short-lived and small...
Whatever happens, we believe that Bitcoin will bounce regardless of how low it goes.
Move your focus to the altcoins and comeback when the Bitcoin consolidation period is done.
Thanks a lot for reading.
Thanks a lot for your continued support.
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