Large Drop Signals Decline Back To Buy Area
Hey guys, Liam here. In my previous analysis, posted yesterday morning, I said we could see the price of Bitcoin reach 3660 over the next few hours. Amazingly, yesterday evening the price hit 3657 - 3 points below the 3660 I predicted it would hit at the beginning of the day!
The rise began a couple hours after the spike (blue arrow) formed and ended around 11 o clock last night. Since it ended, the price has fallen and over last hour it's fallen quite a bit, which suggest we could see it continue to decline over the next few hours.
At the minute, there isn't anything we can do. So for now just monitor the situation, to see how things play out.
The rise began a couple hours after the spike (blue arrow) formed and ended around 11 o clock last night. Since it ended, the price has fallen and over last hour it's fallen quite a bit, which suggest we could see it continue to decline over the next few hours.
At the minute, there isn't anything we can do. So for now just monitor the situation, to see how things play out.
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