Technical analysis 07-03-2018 | Bitcoin in full hesitation

Bitcoin's price is going down, should we be worried?

A priori this is nothing very worrying, it is just a slight correction. As you can see below, Bitcoin's price is still above our green resistance which will now act as our support.

This drop appeared following the formation of this ascending wedge (yellow) + the fact of touching our violet resistance with too little volume to pass over it.

Since there was no particular bad news, this correction should not last too long. However, if we don't manage to stay above the 10k-10.2k$ this could become worrying.

Tell us what you think about it in the comments.

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