BTCUSD Bitcoin: Fighting hard for support at 7825! Downside risk remain high!

BTCUSD Bitcoin: Fighting hard for support at 7825! Downside risk remain high!

BTC is down more than 20% since the cloud cross sell signal! Old cloud chart support zone of 7852 is being tested.  If support fails, there is downside risk towards next support zones of 7182/7017!

If support comes in at 7852 there is upside potential towards the bottom end cloud resistance zone of 8674!

Price action is below the cloud and this is bearish long-term.