Trend line at $6310. 200 hour MA at $6400. Risk levels now for shorts
The price of bitcoin tumbled and is down about -$-250 on the day at $6253.24. The price fell below the 100 and 200 hour MAs (blue and green lines - see earlier post "Bitcoin dips below 200 hour MA. Sellers making a play
"). It has also now cracked below a lower trend line at $6310 (see chart below). That trend line and the 200 hour MA (at $6400) are now risk levels for shorts.
Targets will now look toward the September 11 low at $6176 and the September 8/9 lows at $6116. The low price has reached $6224.88 so far today.