- Bitcoin is 2.55% lower today after an awful trading day yesterday.
- A key technical structure was broken and the price is now headed to a major support level.
The BTC/USD four hour chart shows a break of a huge triangle formation.
Price is now headed to the consolidation low of 9,071.00 and a break of the support could mean price might freefall.
Be wary of prices spiking below as a close is the real confirmation.
Volume over the last few days has been very heavy on the sell-side despite the opening of Bakkt futures and Binance.US.
There has now been a series of consecutive lower highs and lower lows which may continue.
Since the beak of 10k a few days ago price had been oscillating around the area but now it seems we have had a sustained move lower.
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