$BTC update!

The last time BTC was this low, was back during the last week of February. This is the lowest BTC has been in the past 2 months. Alt coins are bleeding as well.

The worrisome part is, there's barely in support in this 57K range. Possible scenario is, BTC makes a new support here and slowly and steadily goes up or it goes further below. The question is how low? The low could be as low as 50-51K. If we see a 50K dip, that could mean the chances of bull run from current state is pretty much over.

Also, we've seen the news of arrest of CZ Binance. That could also have an effect on this market. Nonetheless, the market is bleeding and we pray this stops soon.

#TechnicalAnalysis #BTC