Bitcoin recently made a low of $9200 and is in the recovering mode. Current Prices are hovering around the $11,600 mark. As per our technical analysis, we are considering this price move as a Dead Cat Bounce and we believe downtrend will resume very soon & this time it will even break the $8700 level mark and later we might even see $7000.
Hold your nerves, Add few more SHORT Position on any price strength with Stop-Loss at $14,500, keeping in view the targets of $8700 & $7000.
Best of Luck
Note: This Post is with reference to our earlier post titled Bitcoin -Top In The Making.