BTCUSD Testing the Support at $11,623

BTCUSD CHART PRICE – BTCUSD DAILY

After testing the resistance and having a breakout Bitcoin lost ground to find itself below that level again, it currently trades for $11,558 and it could continue falling, we see the relative strength index dropping from 55 to 50% in two trading sessions and while the bollinger bands are wide there is no indication of a trend change, we could see the bitcoin price going as low as 11,082 which is the next support level, the moving averages are closer and if the price continues to drop there could be a cross very soon.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.