Mihai_Iacob

Bitcoin- To break under 40k?

Short
BITSTAMP:BTCUSD   Bitcoin
Two days ago I said that I expect a rebound in price from 42k and, indeed, after the price has reached this zone we had a rise.
However, 45k was very well caped indicating that bulls are very weak.
At this point, 42k-45k range is broken to the downside and we can expect continuation.
A break under 40k would bring panic and the price could drop fast.
35k could be a good target for bears and 30k is the next obvious and technical support
Only Bitcoin above 45k would change my bearish bias.

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