based on neck and shoulder pattern and extreme sell of on nazdaq tech heavy index bitcoin will have a terrible way to down side.
if we believe in pattern next macro target fot bit is 25000.
40000 support area was very important level for for bitcoin which we lost it. now that is resistance for us. and break that level based on liquidity on market and ex fear of losing money i believe is hard for at least couple month if we can not go back above it for next couple weeks.
so bears control the market and without having any sign of come back we go deeper
if we believe in pattern next macro target fot bit is 25000.
40000 support area was very important level for for bitcoin which we lost it. now that is resistance for us. and break that level based on liquidity on market and ex fear of losing money i believe is hard for at least couple month if we can not go back above it for next couple weeks.
so bears control the market and without having any sign of come back we go deeper