TA: Bitcoin Price Won’t Go Down Quietly: Key Supports To Watch

[AJBot]

Bitcoin extended losses below the $23,650 support zone against the US Dollar. BTC must stay above $23,200 to avoid more losses in the near term. Bitcoin remained in a bearish zone and traded below the $23,650 support. The price is now trading below the $23,650 level and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $24,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if there is a clea ...

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[Sotherefore]

Great analysis. We are still expecting more bearish Market. To be sure of a full bullish movement the price of Bitcoin must be above 32 thousands dollars. This may not be achieved any time soon.