Why BTC crashed

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

mikedargham

if you’ve been looking at the market today, you saw a huge dump in btc where the price ranged from 38k to 35.5k in around 15 minutes.
That chart explains it all. The price hit the resistance of that falling channel on the daily time frame which we’ve been in it for 27 days now. that falling channel may indicate a reversal in price if we broke upwards or could break downwards we will see lower lows.

hope for the best!

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