Bitcoin Wavers

The RSI suggests that there might be a lot of room for the decline. What beyond $3,000, then? The next low is the level of the July 2017 low, which is around $1,800. This definitely seems far-fetched when you look at Bitcoin and see it around $3,500. But wouldn’t a move to $3,500 seem far-fetched in early November 2018? And yet we saw one. So, a move to $1,800 is not as fanciful as it may seem. If we see a breakdown below $3,000, then a move to $1,800 will become a tangible possibility.

Summing up, a breakdown below $3,000 would serve as a bearish trigger.

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