Even though we have 2 possible scenarios, the daily chart suggests short term downtrend. if it goes below the lower trend line (RED) bears would take over, our next support is around $28k-$30k. And if it fails to hold it, it may go down to $20k. However, if it goes above the upper trend line (GREEN) bulls would take over.
On a positive note: Minor corrections like these are necessary to sustain healthy growth and higher highs in the future!
What are your thoughts?
I got into Crypto last year, and I am still learning. it's been a fun ride though!!
Invest carefully!!
On a positive note: Minor corrections like these are necessary to sustain healthy growth and higher highs in the future!
What are your thoughts?
I got into Crypto last year, and I am still learning. it's been a fun ride though!!
Invest carefully!!