BITCOIN JUST CONFIRMED THE BREAKDOWN. The trendline that supported Bitcoin throughout July is officially gone. But the important part isn't the break. It's what happened after. Bitcoin came back, tested the trendline from underneath, got rejected and is now moving lower. Old support has flipped into resistance. This is exactly what you DON'T want to see after a breakdown. Unless Bitcoin can quickly reclaim this trendline, sellers remain in control. The breakdown is playing out.
Mister CryptoShare
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