Bitcoin has held up relatively well since Tether/Bitfinex news broke. Price is currently above the $5,000 support, trading around $5,170.

The 21 day EMA is acting as strong support. A decisive break below (daily candle opening and closing) may indicate a larger drop is coming.

In today's analysis I discuss where price may go from here, how I'm planning to trade and so much more. I hope you find it helpful.

Video Analysis:

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

Disclaimer: This is NOT financial advice.

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Feature Image By: Saul Gravy