Bitcoin continued to decline on Monday and dropped down below $8,000.
At the moment resistance seems to be holding and pushing price down. Unless price starts breaking up through resistance levels we will probably see lower prices or more sideways trading.
If breaks rallies from the support area around $7,750 and breaks the descending trendline more buyers may start to show up and push price up to around $10,000.
If price breaks through the resistance and retests it on the downside it may continue down to the $7,000 support followed by lower prices around $6,000.
Good Luck,
CryptoTrendline
At the moment resistance seems to be holding and pushing price down. Unless price starts breaking up through resistance levels we will probably see lower prices or more sideways trading.
If breaks rallies from the support area around $7,750 and breaks the descending trendline more buyers may start to show up and push price up to around $10,000.
If price breaks through the resistance and retests it on the downside it may continue down to the $7,000 support followed by lower prices around $6,000.
Good Luck,
CryptoTrendline