#Bitcoin Update (Continue)
Bitcoin broke $40,000 support and also broke its lower trendline which is not a good sign. BTC will continue to move down if it does not Reclaim its position above this lower trendline.
Also, BTC holding above the bottom of the Gaussian channel which is good but if it breaks the market will start gaining bearish momentum.
Local Support - $39,400 to $38,600
Major Support - $38,200 to 3$7,500
42000 is important resistance for Bitcoin if it breaks this resistance zone and gives a candle closing above this we can expect good upside movement
Stay tuned for more info!!
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