Unfortunately, it's not looking good for BTC right now. Here are the bearish indicators that I'm seeing:
1. Ascending triangle
2. Decreasing Volume
3. Price action below .5 Fibonacci level
I just converted my "dip" trades into USDC and I'm now awaiting a 2nd dip to buy back in.
It is possible that if there is another dip, BTC can find support near the larger .382 Fibonacci level ($40,900).
1. Ascending triangle
2. Decreasing Volume
3. Price action below .5 Fibonacci level
I just converted my "dip" trades into USDC and I'm now awaiting a 2nd dip to buy back in.
It is possible that if there is another dip, BTC can find support near the larger .382 Fibonacci level ($40,900).