BITCOIN price drop! Will we see sub 9k?!?

in #bitcoin7 years ago

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Just another day in crypto

A quick update today on what has been happening with Bitcoin.

Bitcoin is dropping in price after almost touching the resistance line of around 11.7k. Also interesting to note that it has re-entered the down trend channel... does this mean the bears are back... i honestly don't know, but, i'd be surprised to see price drop too far below 9k.

Volume

Look at that sell volume, consistent red for the last few days, the only thing i like about this is that we haven't broken out of the bottom of the cloud yet...

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It seems 9K is still a strong support.

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