Bitcoin (BTC/USD) consolidation before another drop to 6000$ and than 5500$

in #bitcoin6 years ago

After the price of Bitcoin fell by 5% from the yesterday's high it found temporary support at the prior range resistance where it is currently consolidating.

This levels is neither significant nor strong, which is why it is going to be broken from the downside. Next level which serves as support is at around 6000$ but because that level was also broken in the past it is not very strong and ultimately I am expecting the price to fall to around 5500$.


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