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Mihai_Iacob

Bitcoin- Break down looks imminent

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Bitcoin (BITSTAMP:BTCUSD)  
Mihai_Iacob  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) bitcoinforecast BTCUSD BTCUSDT btcusdforecast btcusdshort btcusdanalysis bitcoinusd bitcoindollar
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trendanalysis chartpattern indicator bitcoin bitcoinforecast btcusd btcusdt btcusdforecast btcusdshort btcusdanalysis bitcoinusd bitcoindollar
As I said in my previous Btc analyzes, I'm pretty bearish crypto market at this point, and BtcUsd leads the way.
With multiple fails to pass above 60k, Bitcoin is very heavy at this moment and a break of 55.500-56k support looks imminent
A break here will put a lot of pressure on price and we can see Bitcoin at 40k in medium-term
Only, and only BTC above 60k would bring bulls some relief
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