Bitcoin broke major support, potential for a big drop!

2018年3月7日

BTCUSD has reacted off its major resistance level at 11740.0 (horizontal swing high resistance, 50% Fibonacci retracement ) and broke out of its short term ascending support line. A strong drop could occur at this level, pushing price down to our next major support at 9246.0 (horizontal overlap support, 100% Fibonacci extension , 50% Fibonacci retracement )

RSI (21) is also seeing a bearish exit and a corresponding drop in price might occur at this level.

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