After the recent high at 25k, bitcoin has started to drop and last week it also fell below the support level in the 21k area.
However, this was a short-lived spike and now the price is back above again.
Although technically this could be an indication of reversal, with the problems from the financial market, I don't expect much continuation to the upside.
A new drop under 21.500 would put strong selling pressure on the price and 18k support zone could be bears target.
I'm looking to sell
However, this was a short-lived spike and now the price is back above again.
Although technically this could be an indication of reversal, with the problems from the financial market, I don't expect much continuation to the upside.
A new drop under 21.500 would put strong selling pressure on the price and 18k support zone could be bears target.
I'm looking to sell
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