theforexportal

BITCOIN bashed Crypto carnage

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
As the BITCOIN plummets from its 20,000 peak we have to ask is this a major retrace or a collapse?
We have no answers only opinions.
The 200 day SMA on the Daily time frame comes in at 7890.
If the BULLS are still interested then they are likely to come in here.
I'll be watching this level and any signs of a bounce I may go long.
With no technical history though this is speculative.
Under the 200 and we may see BITCOIN collapse further.
Comment: Note the TDI is also suggesting a move north from these levels is possible
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