It doesn't seem to me that the price wants to back to the up-trend channel. ( it is clear that there is a divergence in the price pattern of BTC. ). I found an exhaustion spike candlestick (But I am not sure about it) so it says to us that buyers tend to close their long positions and start sell positions.
I think it may decrease to $50000 ~ $51000 and if the price will break the support it may go down to $48000, Price may fluctuate for a while around here. (there are strong support around $47000 and $50000)
But remember, most of the time a strong up-trend can ignore every divergence and any other kind of negative technical points.
Be Rich!
I think it may decrease to $50000 ~ $51000 and if the price will break the support it may go down to $48000, Price may fluctuate for a while around here. (there are strong support around $47000 and $50000)
But remember, most of the time a strong up-trend can ignore every divergence and any other kind of negative technical points.
Be Rich!