Radzieoon

BTCUSD further correction

BITFINEX:BTCUSD   Bitcoin / Dolar
We're still kind of bouncing from the 11-12k channel. I believe it's finally going to break it down, first support on 10k of course, but that's only psychological so I don't expect it will hold too long. Another support is 8800 - fibonacci line from the previous bigger run and the next supports are 8300 and 7600 with the latter being the strong one + it will cross with EMA 200 soon. So 7600-8800 is my target to buy the dip. If it doesn't bounce heavily from the ~7600 I think it will test the ultimate support at 5k.
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