Description
⋅ What are the reasons for the recent decline in the value of Bitcoin?
In both Timeframes 1W and 1W BTC printed a Bearish Divergence
Bitcoin has been moving sideways for the past 33 hours, while altcoins have been bleeding hard.
What's next ?
Bitcoin's current major resistance level is $22800, and if it loses its current support level, the next target will be 21.5k.
If breaking 22.8k resistance i am expecting BTC to bounce to 24.1k. And 27k, only if daily closing above 25.3k
That was the reason why btc was dumping hard recently.
Note: Predictions and chart analysis made more accurate when jumping into a higher timeframes.
⚠️ Not a financial advice.
Happy trading ❤️
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Flor Bejleri