The price of #Bitcoin has dropped to 103,000 dollars and alternative currencies are negatively affected.
Technical analysis of #BTC #Bitcoin
📉 #Bitcoin under pressure:
– Broke a descending technical pattern (descending triangle) at 103,560
– The liquidation map shows long pressure below the price
– The liquidity map shows a dense concentration between 103K and 99.5K
🧲 The market may target these areas before any real rebound, we may target $100,382 - $99,500
📌 No signs of collapse… but smart caution is required in leveraged areas.