An update of my last post I had been expecting for 20K support area to break and now it has been broken.
Now the buy going to be very short and then will drop a lot more, not that far to hit back to mid 17K area, then break and go further down.
Bad News for bitcoin.. about a decade ago the Feds had announced that bitcoin $3.36billion has been stolen from illegal Silk Road marketplace, it from the Dark web if anyone is familiar with it.
Bearish target: Mid 17K
Break the support then drop to 15K zone
3rd target 13K; relief rally buy and sell around 16K
Final target 10K even lower is possible
Now the buy going to be very short and then will drop a lot more, not that far to hit back to mid 17K area, then break and go further down.
Bad News for bitcoin.. about a decade ago the Feds had announced that bitcoin $3.36billion has been stolen from illegal Silk Road marketplace, it from the Dark web if anyone is familiar with it.
Bearish target: Mid 17K
Break the support then drop to 15K zone
3rd target 13K; relief rally buy and sell around 16K
Final target 10K even lower is possible
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