TraderNeoh

Bitcoin (BTCUSD) - Is The Capitulation Coming Soon?

KRAKEN:BTCUSD   Bitcoin
Hi Traders. In the previous few market analysis, i've been talking about potential selling opportunities and various Bearish scenarios.

As BTC is currently still dropping, really wouldn't be surprised to see further push towards the downside.

Just be aware of capitulation, when times where everyone's selling, that's usually where the bottom nears.

For now, pay attention to how price reacts around 19,000 - 19,500.


If you enjoy the content, make sure you follow my profile and click the like button.

Take care and trade safe.

All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.