after breaking out of flag like pattern bitcoin saw massive decline to 18.5k after that we saw a rally which retested the previous support and now it's resistance.
after cpi data we saw massive decline thus which started bearish rally.
i believe if today's candle closed below 18500 we will see massive decline to 16k or 15.9k
bulls are clearly not in control at the moment
after cpi data we saw massive decline thus which started bearish rally.
i believe if today's candle closed below 18500 we will see massive decline to 16k or 15.9k
bulls are clearly not in control at the moment
Comment:
stoploss hit :)
Comment:
despite hitting the tight stopless. bitcoin made it to there and i believe that was the bottom for now. we could see wick below further due to fundamentals / cpi data..