Attempts to reanimate the Bitcoin resemble the true reanimation of hopeless patient. Correction didn’t reach even the middle Bollinger band and now a threat of tumble towards 3000.00 (lower Bollinger band) emerges again.
Locally the coin drops to the lower bands, that makes actual the target at local support 3562.74 (lower Bollinger band).
A decline has a brutal nature intraday – lower Bollinger band is broken and ADX resides in a trending area. We expect bitcoin at the 3562.74 level.
So, we expect a drop towards 3562.74.
Shorts towards 3562.74.
Artem Vinogradov, analyst at Fort Financial Services