(BTC) Bearish Momentum Continues

(BTC) Bearish Momentum Continues

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

EagaPavanKumar

Bitcoin is currently trading below the $39,000 mark and is still looking bearish on the lower timeframes.

As soon as the price broke below the trendline support, it was a bearish indicator and the break of support at $39,600 was almost confirmed.

We can also see that right now the price has found some support around the $38,800 mark. It would be interesting to see whether BTC will bounce back from here or if further sell-off is on the cards.

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