Short term Bearish.
But
Long term Bullish, as always :)
Based on the channels in the charts, Bitcoin tried three times to cross an important trend line in its price movement but faced strong resistance each time. This is probably a strong indicator that further legs down are more likely to happen.
How deep will it go?
it depends on how fast Bitcoin wants to correct, to touch the nearest support line in the chart.
32k levels are more likely to be visited.
BTCUSD
But
Long term Bullish, as always :)
Based on the channels in the charts, Bitcoin tried three times to cross an important trend line in its price movement but faced strong resistance each time. This is probably a strong indicator that further legs down are more likely to happen.
How deep will it go?
it depends on how fast Bitcoin wants to correct, to touch the nearest support line in the chart.
32k levels are more likely to be visited.
BTCUSD
Comment:
49K - 50K incoming.. then fall down to 35K - 33K regions.