.1 to 100 BTC challenge – Updated levels for Bitcoin (XBTUSD)
Bitcoin and Ethereum both broke down below key support levels of $3,500 and $114 respectively yesterday, as bears maintained control of the price action.
We remain firmly below key moving averages now on 1hr, and need to establish a new range before another clear trade develops. I am anticipating some consolidation in the blue rectangles over the next 24 hours or so, before another leg down perhaps.
TH
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We remain firmly below key moving averages now on 1hr, and need to establish a new range before another clear trade develops. I am anticipating some consolidation in the blue rectangles over the next 24 hours or so, before another leg down perhaps.
TH
7 day free trial to the Crypto Pro Chat here - bit.ly/th_chatroom_