Bitcoin Price Analysis, 24th May: BTC going to crash downwards?

Published on CoinnounceTechnical Indicators: Support Level: $7600, $7500 Resistance Level: $7900-7950, $8000   Key Points: Bitcoin price corrected downwards and tested the $7500 level recently. Later, the buyers were able to push the BTC price above $7800 and $7850 resistance levels. Currently, a bearish pattern line is being formed on the hourly chart with resistance between $7950 and $8000 which might push the price downwards. There are chances that bitcoin price might soon crash towards $7700 and $7600 support levels.   Bitcoin Price Analysis: SUMMARY: Bitcoin price was able to recover nicely after testing the $7500 support level. Currently, BTC is facing […]The post Bitcoin Price Analysis, 24th May: BTC going to crash downwards? appeared first on Coinnounce.