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Price is below the weekly pivot (53920.60) and MACD shows a negative divergence. The Hanging man candle stick pattern has been created and today’s candle is also bearish and below the previous one . I expect the price to fall near the support level around 41,500 and a downside breakout on the bullish trend line and also the support level . We may see a fall around 30,000. On the other hand, we have another scenario: IF price gets rejected by the trend line and the support level , it may rise to 62,000 and the next target can be 66,000. Personally, I’m on the Bearish side for BTCUSD . What is your view?
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Comments
trend is Bullish 🎯🚀