The bloody day of the digital currency market. Bitcoin has broken the support of the uptrend channel in the weekly time. Support that could delay the uptrend of bitcoin. If the price does not return above $ 51,000 by the end of the week, the bitcoin trend could enter the suffering range.
Bitcoin broke support at $ 52,900 to $ 50,900 starting today. This range was at the bottom of the medium-term and even long-term bitcoin channels. The daily downtrend fell directly to the support range of $ 43,600 to $ 41,120. This support, because it has been reactive in the past, can be a good point for a short return to the broken canal floor. But you should note that the fall could happen again up to the $ 40,000 range. At the moment, support for medium-term and long-term step purchases can be a good point.
If the twin ceiling pattern is approved, it could correct the price of bitcoin and return the price to the previous floor in the monthly time. If the weekly candle closes below the $ 47,000 to $ 46,000 range, the price of Bitcoin could fall to $ 30,000 support. But if the $ 47,000 support is maintained, the bitcoin trend could return to normal and the price could continue to rise.
zoomarz.com
Bitcoin broke support at $ 52,900 to $ 50,900 starting today. This range was at the bottom of the medium-term and even long-term bitcoin channels. The daily downtrend fell directly to the support range of $ 43,600 to $ 41,120. This support, because it has been reactive in the past, can be a good point for a short return to the broken canal floor. But you should note that the fall could happen again up to the $ 40,000 range. At the moment, support for medium-term and long-term step purchases can be a good point.
If the twin ceiling pattern is approved, it could correct the price of bitcoin and return the price to the previous floor in the monthly time. If the weekly candle closes below the $ 47,000 to $ 46,000 range, the price of Bitcoin could fall to $ 30,000 support. But if the $ 47,000 support is maintained, the bitcoin trend could return to normal and the price could continue to rise.
zoomarz.com