🔥 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.