Bitcoin Can Easily Drop From Current Prices | $8320 Followed by

Looking at Bitcoin on the 4H timeframe, the charts are saying that prices can easily move lower.

Right now EMA50 ($8602) is working as support while prices trade below EMA10 after a full red/bearish candle.

The indicators are bearish, RSI and MACD, while EMA100 and MA200 haven't been tested as support since early Jan.
If BTCUSD breaks below $8600 with good volume, we are likely to see $8320 followed by $7753.

Additional details can be found on the chart.
Feel free to leave a comment if you have any questions.

Thanks a lot for reading. :)

Namaste.

Komentarz:

Previous trade | BCHH20 (+113%)

Bitcoin Cash (ABC) Mapped Out W/ Long-Term Targets To 1400%+

ADAH20 (+150%)

Komentarz:

Golem Breaks Downtrend | Massive Volume | 115%+ Target Mapped

Bitcoin Cash Preparing To Retrace? Active 7X Lev. For 132%

(SRNBTC | 489% - 2400%) Sirin Token PREMIUM Trade

Blocknet Did 4800% Followed by 20,510%, How Much Now?

Aeternity Conquers EMA50 | Prepares For 100%+ Within Weeks

Komentarz:

New update: