Bitcoin (Fake breakout) Resumes Drop

9 ביולי 2020

What we saw recently for Bitcoin (XBTUSD) was a fake breakout. Prices moved above support just to quickly fall back down.

Our previous view/analysis remains valid.
Prices are now trading below MA200 and also below the purple trendline.

Additional information:

Thanks a lot for your continued support.

Namaste.