Bitcoin has been in sideways consolidation for a couple of days now but yesterday it made a clear breakout to the downside. So now we need to have a look at support levels to determine how low we can go.
Support at $7855 broke as well as support at $7690. I think the next support is $7340.
My bots are on pause now until I think we have seen the bottom. I would like to see we make a higher high above June low of $5900 so that we can have another Bull run to above $8700
Here is Dan from the Chart Guys with his take:
Unfortunately, the Alts breakout to the downside with Bitcoin. I was hoping that Alts and Bitcoin will go opposite ways, but not.
Do you think support at $7340 will hold?
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I love Steemit and I have been blogging here since June 2017. I am always looking for ways to increase my Steem and SDB holding. Lately I have started trading bitcoin and altcoin using an auto trading robot. So far it is going well, and I am in profit. 😊
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