💎Bitcoin is once again perfectly following our analysis! Dropped further as anticipated in the last FREE update and recently bouncing, from our support zone ~10,200$.
💎However, we have developed some strong overhead resistance at our previous support zone (11000$-11100$).
💎While this bounce may seem convincing, this is not a reversal signal yet and ParadiseTeam believe, that the market is still quite bearish. Considering the strong sell-off we saw in the US markets yesterday, furthermore, we seeing again a correlation between the S&P500 and BTC.
💎So, another drop in stocks and equities markets, can trigger another sell-off for Bitcoin, with an immediate drop down target at 9100$ if the support at around ~10,200$ is lost.