Bitcoin finally broke out… to the DOWNSIDE!

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

PerQuantumCoin

Good morning Traders!

So BTC finally broke out of the 4+ month range, although it was to the downside, catching many by surprise.

Measuring the size of the range, we can predict a fall at least to the 27k-28k price area, which aligns with two very important and strong historical supports:
– it’s where the S1 weekly pivot is sitting and the 200 wma as well.

As always, trade accordingly.

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