Bitcoin Finally Breaks Out Of Consolidation Period...To The Downside... - Daily Bitcoin Screening: $8,061 (4hr chart)steemCreated with Sketch.

in #teamcrypto • 7 years ago

#Bitcoin finally got some movement outside of our consolidation period. Unfortunately, it broke out to the down side. The biggest point to watch is our #bull trend #support (blue line). #BTC has been respecting this line beautifully during this correction. We can only hope it continues to ride it up.
If we break this line AND our $7,500 horizontal support, I am considering hiding some BTC into USDT. We would most likely be testing our $6,000 support again at that point. Hopefully we can respect this line again and continue climbing. Stay vigilant!

Screen Shot 2018-03-27 at 7.27.17 AM.png

#crypto #bitcoin #blockchain #charting
7 years ago in #teamcrypto by
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