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Currently, $5500 levels. If the fall continues, Bitcoin can correct to the 15 day exponential moving average (EMA), which presently lies at $5369. The trendline support is also close to this level. Therefore,

We were correct in avoiding a long position in Bitcoin around the $6000 mark. Though intraday the digital currency broke out of the ascending channel, it could not close above it. Currently, the cryptocurrency

After days of rally, gravity is finally catching up with Bitcoin. So, is this dip a buying opportunity or can it fall further? We were correct in avoiding a long position in Bitcoin around the $6000 mark.