Last week, I have published this same chart citing that BTC/USD is in a downtrend with bottom that may be as low as 3400-3500 level.
As of today, BTC/USD has found support at 11470-11480 level. The volume is still low and there is no confirmation yet that the trend has been broken.
BTC/USD needs to break support level 13400-13500 and 14729-14735 level to become bullish. Otherwise, we will continue to be in a bear market.
Happy charting.
***** Invest only what you can afford to lose *****
As of today, BTC/USD has found support at 11470-11480 level. The volume is still low and there is no confirmation yet that the trend has been broken.
BTC/USD needs to break support level 13400-13500 and 14729-14735 level to become bullish. Otherwise, we will continue to be in a bear market.
Happy charting.
***** Invest only what you can afford to lose *****