Bitcoin Price Weekly Analysis – BTC/USD Breakdown is Real

in #bitcoin7 years ago

 It was a major bearish week since bitcoin price declined by more than 25% against the US Dollar. The price traded lower and broke a couple of important support levels such as $10,000 and $9,400. The current decline has opened the doors for more losses and it seems like the price may even test the $8,000 level. More importantly, during the downside, there was a break below two major bullish trend lines with support at $10,000 on the 4-hours chart of the BTC/USD pair. 

Full article: https://www.newsbtc.com/2018/03/11/bitcoin-price-weekly-analysis-btc-usd-breakdown-real/