Bitcoin (Fake breakout) Resumes Drop

Bitcoin (Fake breakout) Resumes Drop

What we saw recently for Bitcoin ( XBTUSD ) was a fake breakout.
Prices moved above support just to quickly fall back down.

Our previous view/analysis remains valid.
Prices are now trading below MA200 and also below the purple trendline .

Additional information

Thanks a lot for your continued support.

Namaste.

Published at Thu, 09 Jul 2020 15:14:42 +0000

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