At this stage there are a couple of hints pointing towards a further decline in BTC price.
1) RSI Divergence
2) MACD cross
If we break through the first support level from December 2021 we are bound to see a further decrease in the price.
In today's trading session BTC failed to rally along with other risk-on assets. This is and should be a major concern for the bulls. It seems investors are skeptical and conservative... Who is left to buy BTC at this price levels.
I see BTC trading at the 40k levels at the end of this week or next week.
I will be loading my shorts in various altcoins and BTC and look for lower levels to buy for my long term portfolio.
1) RSI Divergence
2) MACD cross
If we break through the first support level from December 2021 we are bound to see a further decrease in the price.
In today's trading session BTC failed to rally along with other risk-on assets. This is and should be a major concern for the bulls. It seems investors are skeptical and conservative... Who is left to buy BTC at this price levels.
I see BTC trading at the 40k levels at the end of this week or next week.
I will be loading my shorts in various altcoins and BTC and look for lower levels to buy for my long term portfolio.