Bitcoin: Price restrained below bull trend. Target 1950 Yuan.
Dear Bitcoin traders,
After the unfortunate breakdown of the 50% Fibonacci retracement, the price crashed to 1800 yuan and 300 dollars on Western exchanges. It has changed in the 2000 - 2200 yuan zone for the last 24 hours but shows some weakness.
Short term, bearish opportunity to 1950 support.
Bullish opportunity, should the Dashed red line break. This should show the mid term bottom.
After the unfortunate breakdown of the 50% Fibonacci retracement, the price crashed to 1800 yuan and 300 dollars on Western exchanges. It has changed in the 2000 - 2200 yuan zone for the last 24 hours but shows some weakness.
Short term, bearish opportunity to 1950 support.
Bullish opportunity, should the Dashed red line break. This should show the mid term bottom.