Over the next week or so, I anticipate a drop to 35k before the bulls have another chance. The uptrend has failed 3 times now and the bears are now forming a new downtrend line. We are also extremely close to the current supports which bears could push through with a strong trend.
Of course nothing is a guarantee, so the upside here would be to jump up to the average line again for some points, however the downtrend will still be alerted until bulls can push much further up without any resistance.
Of course nothing is a guarantee, so the upside here would be to jump up to the average line again for some points, however the downtrend will still be alerted until bulls can push much further up without any resistance.
