➡️ Despite a slight recovery towards the end of the working week, Bitcoin is under the influence of sellers. The current Bitcoin price is 58,670$. The coin is moving in a downtrend channel and does not intend to leave this channel in the near future.
Earlier in the forecasts and trading ideas, it was noted that a correction in the cryptocurrency would begin soon. Now we can say with confidence that the time has come for this. The coming week would most likely be held in this vein. The downward starting point will be the price area near the ~ 60,000$ round level. A good entry point to sell is the resistance line of the downtrend channel, depicted on the chart at the level of 60147.50$. The entrance itself is, of course, on a signal. The target of the fall will be the support level of 55521$, at least, but the intention of the fall lies at the level of 48530$ (the price area near the round level of ~ 50,000$).
❗️❗️❗️Here, it should be noted that other major cryptocurrencies are considered for sale in exactly the same way:
1) ETHUSD(SELL from ~ 4250$)
2) BCHUSD (SELL from ~ 590$)
3) ADAUSD (SELL from ~ 1.874420$)
4) EOSUSD(SELL from ~ 4.350$)
Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
Earlier in the forecasts and trading ideas, it was noted that a correction in the cryptocurrency would begin soon. Now we can say with confidence that the time has come for this. The coming week would most likely be held in this vein. The downward starting point will be the price area near the ~ 60,000$ round level. A good entry point to sell is the resistance line of the downtrend channel, depicted on the chart at the level of 60147.50$. The entrance itself is, of course, on a signal. The target of the fall will be the support level of 55521$, at least, but the intention of the fall lies at the level of 48530$ (the price area near the round level of ~ 50,000$).
❗️❗️❗️Here, it should be noted that other major cryptocurrencies are considered for sale in exactly the same way:
1) ETHUSD(SELL from ~ 4250$)
2) BCHUSD (SELL from ~ 590$)
3) ADAUSD (SELL from ~ 1.874420$)
4) EOSUSD(SELL from ~ 4.350$)
Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
