BTC/USD has lost much and is now once again under the 50 EMA as well as all other EMAs.
The prices have currently consolidated and a breakout further below is possible as it's currently under a lot of sell pressure as MACD confirms. It doesn't have a firm support yet to retaliate and go higher.
That being said, it's very possible that it will go further below to find it's next support area.
The prices have currently consolidated and a breakout further below is possible as it's currently under a lot of sell pressure as MACD confirms. It doesn't have a firm support yet to retaliate and go higher.
That being said, it's very possible that it will go further below to find it's next support area.
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Position was closed at 8050 for safety reasons. Yet soon for a reversal up higher but it's expected as bulls regain control.