Bitcoin needs to move to the upside past this downward trend channel. It broke down below the 1st support of $41.2K. Next levels of support are $29.5K, $20K, $12K.
IMO crypto market needs a washout and needs to clean out most of the junk coins in this space. Unfortunately for that to happen, BTC needs to go through some pain.
IMO crypto market needs a washout and needs to clean out most of the junk coins in this space. Unfortunately for that to happen, BTC needs to go through some pain.
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Once again BTC is approaching a test of the downward trend channel. Needs to break into it and take out $41.2K.