BTCUSD
We saw for the first time that BTC closed below 200 Weekly MA. Also we saw for first time BTC closing below Monthly 50MA. This is not a good sign.
I've updated my analysis and forecast for the bitcoin's absolute bottom.
Currently BTC does not have significant support until the $10,017-$11,680 range except the $16.4k-$17k area.
So stay safe brothers. Let me know if you think the bottom is in or BTC could even go lower.
Trade closed: target reached:
As predicted, BTC bottomed around 16-17k area.
