Bitcoin Breaking Down? 10 June 2018

in #bitcoin6 years ago

Dear Steemit friends,

This video presents a bitcoin price forecast that describes two possible scenarios in the short-term, over the next couple of months.
In a medium term, over the next several months, there is a chance of a significant inverse Head and Shoulders patter.

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The sharp bearish move over the weekend signifies the power the bears have at the current time in the market. I believe we could still see price move lower with the next major area of support being found between $6,630 - $6,410. It is unlikely that we will see a reversal or even a stall in this bearish movement until we reach these levels.

Screen Shot 2018-06-11 at 5.42.04 pm.png

The less likely option that you talk about in the video has already happened. Thanks for sharing the video.

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