BTC/USD May Form Another Lower High After Breaking Key Support

cryptocurrencies

cryptocurrencies

BTC/USD May Form another Lower High After Breaking Key Support: With another bloody Monday across the board, Bitcoin appears to be reaching for the support level I’ve been looking forward to the past few days.

BTC/USD erased all Sunday’s gains by the end of Monday’s trading session, and then some, diving back towards the key support level of $5,850 as it travels below the daily Ichimoku cloud. The future cloud has turned bearish, while the Kijun line has broken below the cloud.

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