Bitcoin lost 200 DMA and that is very bad

2020年3月8日

Hi guys, for some time I was trying to figure out if Bitcoin would be able to break 9500 as super critical resistance. It failed completely. What does this mean for the price? Well first of all this price movement is the game changer. It seems to be confirmation that Bitcoin is not ready to enter long term uptrend. Yet!
Bigger picture is clear we have massive triangle structure and I personally believe we will see the test of the very bottom of the triangle. It is around 5-5200 usd/btc roughly.

Next possible support is around 7600 and if it will fail - Bitcoin will continue to fall lower..


Take care!
-DP-