Price action is moving below mid-range of a descending channel making lower high's and lower low's. So likely we will see retest of lower boundary of the channel which is $38,000.
So far btc is holding ascending trend line resistance but this will likely break down as soon as death cross occurs.
On-chain data is giving bullish signs but S&P500 being bearish and Dollar being bullish is whats making the entire crypto bearish.
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So far btc is holding ascending trend line resistance but this will likely break down as soon as death cross occurs.
On-chain data is giving bullish signs but S&P500 being bearish and Dollar being bullish is whats making the entire crypto bearish.
Kindly like, share and comment.
Our premium discord
discord.gg/fxZd24vU
Trade closed: target reached:
Price dumped after death cross and went down close to lower boundary of the channel and made us 95% profit on short using 20x leverage.
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