BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Dear Traders

As you can see from recent history - yellow circle BTC has lost another battle and is ready for another big drop.
It is exactly 1 month since last huge selloff and it looks like BTC and other coins will mirror last month scenario.
This time there are two scenarios, first more likely BTC will drop to $6200 level, this is because people are prepared and more want to buy cheap coins also we compare last drop with this one BTC looks stronger. Second scenario is drop to $5700 level.
No matter where this drop will finish we can expect pull back to 9200$ level and higher.

This information is for education purpose only.

Happy trading.
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