It was discussed earlier that there was a higher probability of Bitcoin touching $230 rather than heading towards $240. Over the weekend, the testing consolidation ended as bulls caved under intense selling pressure. The weekend saw a violation of two major support levels, and more losses seem likely.
As bears intensify the pressure, Bitcoin struggles sub-$230 at $229.84. Image: https://www.tradingview.com/x/7gWoJ2Ju/
From the 240-minute BTC/USD price chart above, it seems that pending long positions will […]
