Bitcoin Technical Analysis and Market Update
Yesterday there was a sad day for the Crypto industry.
After market lost confidence yesterday, Bitcoin crashed dragging altcoins along and leading to the liquidations of more than $850 million.
The high volatility that we have observed yesterday will continue today due to results of the US Midterm Elections.
BTCUSD closed bearish yesterday and below key CRYPTOLEAN support of $18,820 testing the daily orange trendline.
We need Bitcoin's recovery today and push above $18,820.
The next support on the way down will be $16,605.33 which is a minor CRYPTOLEAN support, followed by $15,485.
After market lost confidence yesterday, Bitcoin crashed dragging altcoins along and leading to the liquidations of more than $850 million.
The high volatility that we have observed yesterday will continue today due to results of the US Midterm Elections.
BTCUSD closed bearish yesterday and below key CRYPTOLEAN support of $18,820 testing the daily orange trendline.
We need Bitcoin's recovery today and push above $18,820.
The next support on the way down will be $16,605.33 which is a minor CRYPTOLEAN support, followed by $15,485.
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