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Bitcoin Breaks Down Ahead of Friday’s Volatility
Twenty-four hours ago, I wrote about a potential $18,400 target for Bitcoin this month. Today, BTC is down over six percent and risks losing several key supports ahead of Friday’s non-farm payroll (NFP). It’s currently trading well below $21,500, which was support at the start of Thursday’s session. And it’s now dropping below the January 18th low at $20,385. A daily close below that flips the $20,400-$20,700 region to resistance and puts direct pressure on my $18,400 March target. Furthermore, Bitcoin took out the first block of liquidations today around the $21,000 mark. However, if you saw yesterday’s ... (full story)
