Bitcoin Breaking Below MA200 Is Bad News...

Bitcoin (BTCUSD) closing below MA200 is bad news, the next support is sitting at EMA300 or $8536...

If the above level breaks, the next drop can take Bitcoin low to the ~$7600-$7700 price range.

The tendency is down now and Bitcoin is looking bearish, we've been calling a drop since prices peaked a few weeks back.
While Bitcoin takes time out to consolidate its growth, it is time for the altcoins to turn and go.

Namaste.
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