Bitcoin Very Likely Continue Lower +Targets (Multiple Analysis)

The Bitcoin discount is now fully live but we are likely to continue lower, based on the chart technicals.

We are having Black Friday and then Cyber Monday Bitcoin Discounts on BTC.

Here let me share with you multiple analysis from earlier this month (the are all bearish):

I Think We Go Up But Before Up We Go Down! Bitcoin $100,000 Soon

Do You Think All Hell Is Breaking Loose? Bitcoin Weekly Targets

Small Cap. Altcoins Move, Bigger Still Correct | New Prediction

The Descent Continues | $50,000 Followed by $45,000 | Bitcoin

DXY (US Dollar Index) vs BTC (Bitcoin) | Inverse Relation

Bitcoin Aims At $50,814 Short-Term + Altcoins Update

Bitcoin Bounce? Caution, $3B Options Expire!


Bitcoin Daily Chart Analysis

Today we have prices moving below the EMA100 blue line. This can spell disaster or simply lower prices.

Below EMA100, the next support level is set at around $49,000 - $51,000.

If it goes even lower, we are looking at MA200/EMA300 on the $44,000 to $46,000 price range.

When will Bitcoin recover?
How fast or how much lower can it go, we can know soon after allowing this move to develop.

Closing today below EMA100 would be strongly bearish but if prices recover and close above it things can change.

Meanwhile, we continue aiming lower.

Namaste.

Comment:

Bitcoin's daily candle close below EMA100 ($54,785).
This is a big candle with good volume, giving a strong bearish signal.

For the looks of it, we will have a continuation and another strong bearish candle will show up soon.

Only and break and close above EMA100 can invalidate this scenario.