Bitcoin has been on a historic rise in 2021 and has since been cooling off. On the daily chart we are clearly bearish short/medium term. Until the 52K resistance (major) is broken I am anticipating another tap into the 40K region before a bounce. Again structurally we turn bullish on the daily once this 52K is broken on the daily.
Let's see how the structure develops.
Trade safe
Sunny Kumar
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40K inbound as called.
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40K has been hit precisely. Price is sitting in a huge demand zone. We could expect price to dip lower to liquidate few more retail investors before the big push up one last time this cycle
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40 K broke and now the second scenario is in place