Bitcoin overview market

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
During these days, Bitcoin made a crash during days as U.S. Federal Reserve made a hike interest rates a signal of tightening the U.S. Dollar in Forex market.

So, I was worrying in the Daily timeframe because broke down the EMA 200. And I suppose a possible bearish movement in Bitcoin price below $30,000 USD. But notice one thing that we're in the demand zone on weekly timeframe and it's important to know how the price action will make reaction in that key zone to watch out.

For example: in weekly timeframe it's look bullish , until doesn't broke down this market structure, we couldn't to confirm a change of trend. But fundamental analysis speak us that U.S. Dollar it's taking strengthening as global currency and more power

But it's important to watch out this key level of supply demand right now

I hope that this idea support you.

So, as I'm bearish in altcoins like Cardano and NEO, that expectative could to point that Bitcoin could to crash more than we expect. I have a clear mind that Bitcoin and cryptocurrencies it's in the bear market.


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