🔥 Bitcoin Holding By A Thread: New Lows On The Way

Ever since BTC dumped below 20k last week, the bulls had severe troubles with keeping the price above the 20k resistance. In my view, big players are currently distributing their coins in preparation for a upcoming dump.

In the short-term, once the dotted support line gives way, it will be the starting sign for a new sell-off. Close targets are placed at $19250 and $18900, which coincides with previous support areas.

September is historically the worst month for crypto, apply this into your trading strategy.