BTCUSDT 1D | Bitcoin price overview: Drop to $8,800
Last days we have seen the Bitcoin price drop after rebounding from the resistance zone - $9,900-$10,200. Now the price is at the lower border of the uptrend channel, which has been formed since March 13. Its breakdown and closing the day below $8,800 will open the way to $8,000 and $6,800 for bears.
The current price is $9,120. MACD indicator shows strengthening of downward movement force. It is too early to talk about the beginning of the downtrend, as long as the price is in an upward channel. In order to return to an uptrend, the price must hold on above $9,300. Within a few days, the price will show us which side of the bulls or bears it is on, or will enter the wide flat zone $8,800-$9,300.
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The current price is $9,120. MACD indicator shows strengthening of downward movement force. It is too early to talk about the beginning of the downtrend, as long as the price is in an upward channel. In order to return to an uptrend, the price must hold on above $9,300. Within a few days, the price will show us which side of the bulls or bears it is on, or will enter the wide flat zone $8,800-$9,300.
Subscribe to the channel and stay with us!