Dexter_The_Trader

BITCOIN: BROKE DOWN BELOW THE SUPPORT.

COINBASE:BTCUSD   Bitcoin
Hello traders, here's a quick update on BTC in 8 hours.

Recap: In my previous update, I mentioned $21k to be a support zone for BTC. It did try to stay above it but ultimately failed to hold it.

Update: The current scenario isn't looking suitable for BTC and if it continues to drop then we have support at $19k. The interesting thing to see is even after this drop the RSI is making a bullish divergence. Can this be a fakedown? Maybe. If not then $19k could possibly be good support for BTC.

I have been accumulating BTC lately and I will continue with my accumulation instead of closing it.

Let me know what you guys are thinking about this recent drop.

Trade safely.

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