The earlier support that Bitcoin found at $10,000 has been broken and the price is continuing to fall. At the time of writing, Bitcoin is trading around $9,500. Where things go to from here will depend on whether investors panic sell or see this as a buying opportunity. It could go either way.
Things look bearish on all of the chart time frames, so as I mentioned in the previous article, I still see some more downside ahead. If this is the case, then hopefully $8,500, a previous high, will provide support.
For those of you who are relatively new to Bitcoin investing, stay strong, BTC has triumphed from such downturns in the past.
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