Bitcoin Reverses from Resistance Level 67,070.00
Bitcoin has reversed from its resistance level of 67,070.00, triggering a downward trend that may see it fall to 64,000.00.
The reversal occurred at the top of wave 2 from June and also coincided with the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from May.
This downward reversal has stopped a minor ABC correction that began in late June, indicating a strong downtrend for Bitcoin.