CRAIG COBB: BITCOIN SMASHES THROUGH SUPPORT AS BEARS TAKE CONTROL
Craig says Bitcoin did exactly what he expected, breaking below the critical $74,000 support level and quickly falling through $65,000. He believes both the weekly and monthly charts now confirm a downtrend, with lower highs and lower lows pointing toward the possibility of further downside before a true bottom is established. While he's not trying to predict the exact low, Craig says he'd become an aggressive buyer in the $50,000–$55,000 range and would be even more interested if Bitcoin fell into the mid-$40,000s.
Despite the bearish outlook, Craig believes Bitcoin is becoming stretched to…
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