Bitcoin failed as a value transfer medium and now also as a store of value asset.
The situation very dramatic as, after losing the 100MA it is now barely holding the 200MA.
Switched now to monthly chart there is the all time trendline , all time fib support, and the monthly 50MA line- the crucial 4800$ area.
That is the "to be or not to be" zone in my opinion. If it loses that support, bitcoin tecnically has a free fall all the way down to one figure prices.
The situation very dramatic as, after losing the 100MA it is now barely holding the 200MA.
Switched now to monthly chart there is the all time trendline , all time fib support, and the monthly 50MA line- the crucial 4800$ area.
That is the "to be or not to be" zone in my opinion. If it loses that support, bitcoin tecnically has a free fall all the way down to one figure prices.
