Hello Traders,
Here is my last analysis on BTC. Something interesting is definitely happening here, is BTC getting ready for more losses or has it bottomed already? Personally, I feel this could go lower to either $5K or even $2k. The reason I take that side of the trade is based on sentiment, we all know the crypto market overall is having "not its best day". So, I think we could see a small correction soon before it goes down a bit more, especially because there is a descending triangule getting tighter and tighter on the daily chart. It's not new to BTC to "Crash" and loss about 80% of its value based on historical data.
I would love to know what you think, feel free to leave a comment and give thumbs up if you like what you see!
Cheers,
-Shogun414
Here is my last analysis on BTC. Something interesting is definitely happening here, is BTC getting ready for more losses or has it bottomed already? Personally, I feel this could go lower to either $5K or even $2k. The reason I take that side of the trade is based on sentiment, we all know the crypto market overall is having "not its best day". So, I think we could see a small correction soon before it goes down a bit more, especially because there is a descending triangule getting tighter and tighter on the daily chart. It's not new to BTC to "Crash" and loss about 80% of its value based on historical data.
I would love to know what you think, feel free to leave a comment and give thumbs up if you like what you see!
Cheers,
-Shogun414