Bitcoin - Short Below Key Resistance Level

Bitcoin - Short Below Key Resistance Level
Bitcoin / Dollar BITFINEX:BTCUSD
KQMarkets

We see Bitcoin moving lower towards support at $6536 as long as it stays below the key resistance level at $8571. Our view is re-enforced by Bitcoin not rising on the back of a fall in the stock market over the past few trading sessions due to fears of a global recession as it has been argued in the past that the cryptocurrency can be seen as a safe haven.