Bitcoin needs to hold support here...

in bitcoin •  2 years ago 

If bitcoin loses this support level it's going a lot lower

Bitcoin is currently sitting on a very important support level.

If it loses this area, it's likely headed a lot lower:

image.png

(Source: https://twitter.com/rovercrc/status/1517471528148824064/photo/1)

Bitcoin initially broke out of the consolidation range but has since pulled back within it.

Unfortunately that very well could be a bull trap if this current support level doesn't hold.

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Not holding

not surprised

price is ded

steem down 50% from the highs now

bitcoin same

price keeps falling

no mercy on the price drop

down down down

no more up

need a trend change

everything down

that's the only solace

price ded

time to hunker down I guess

Your post was upvoted and resteemed on @crypto.defrag