Bitcoin crashing like hell – Where is it gonna stop?

Wow, just look at the chart. The BTC/USD is down 5.3%, down from $7,391 to $6,915. Honestly, I didn't find any solid fundamental to support


Wow, just look at the chart. The BTC/USD is down 5.3%, down from $7,391 to $6,915. Honestly, I didn’t find any solid fundamental to support the movement. But let me help you with technical levels.

The poor cryptocurrency faced a hard time breaking above $7,385. The dramatic bearish rally in the BTC/USD can lead its prices towards $6,900 to $6,800. That’s the level ($6,810) where I will be looking to take a quick buying position to capture nice retracement. Let’s wait for it!

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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