RE: Bitcoin condition is getting worse from bad. It has broken important support level of 8k and currently, it is trading $7199 down 12% from the last close of $8167. Now next level of support $5710 if BTC won't close above 8k today and tomorrow.

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Bitcoin condition is getting worse from bad. It has broken important support level of 8k and currently, it is trading $7199 down 12% from the last close of $8167. Now next level of support $5710 if BTC won't close above 8k today and tomorrow.

in busy •  7 years ago 

Looks like we will see a cup and handle pattern in long term and it will take at least 3 months to get that level. Bitcoin is just behaving like a typical altcoin currently.

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speculation is good but bad for trading, chart is nowhere telling to buy . One may see pattern emerging maybe cup and handle but that we may see or might not!!!!

Lets see what happenes in next 48 hours.