The Bitcoin Sell-Off May Not Be Over!!! - Daily Bitcoin Screening: $7,430 (4hr charts)

#Bitcoin broke straight through our $7,500 horizontal #support with a decent #volume spike. It seems to be reacting off of our previous #bull trend support at the moment. When #BTC found its last major bottom around $5,900, it was right around this trend line support. It's hard to tell if it was this line that gave the strength to the previous bounce or if it was more of a horizontal support. Today will tell us a lot, but I believe we are going to retest this $5,900 horizontal support. Stay vigilant!