Btc Day Chart : Broken Support
BTC has broken Support on the day chart, the hour chart will give us direction for this week but btc is bearish!
Support is 4150, and 3980.
Resistance is : 4315 and 4500.
This is new territory for a lot of traders as bitcoin recovered from every bearish signal that ever came up on the charts. It is normal for markets to move up and down, I think Bitcoin can test the resistance at 4345, if price action confirms the bearish signal we can move down to 3500 and even 2980! If 3980 breaks expect a sudden movement to 3500 and maybe 2980! I am a long term bull on btc so if this happens do not wait to buy but place orders to buy btc!