Mihai_Iacob

Bitcoin could dive soon

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BITSTAMP:BTCUSD   Bitcoin
After the reversal from 25k and the reach of my target at 28.500, Bitcoin started to consolidate.
Friday we had a new attempt to reconquer resistance and bulls failed again and BtcUsd started to fall again.
At the time of writing the price sits on confluence support, but the structure is not bullish at all and we could witness a break down
In such an instance, the first target for bears is 25k horizontal support, but, in the longer-term 21k is not out of the question.
I'm bearish on BTC as long as the price is under 28.500

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