Since the last BTCUSD analysis, Bitcoin just completed a lower low.
This is critical in the analysis as this low now forms the near term support to watch; expect a bounce for the second lower high in the coming days, and then a breakdown to go off the cliff to 44K, or even 40K.
Technicals are supporting this view with candlestick patterns showing bearish momentum, together with the RPM crossing down and below zero, MACD is also entering the bearish territory.
Now, just waiting for the system Sell signal...
This is critical in the analysis as this low now forms the near term support to watch; expect a bounce for the second lower high in the coming days, and then a breakdown to go off the cliff to 44K, or even 40K.
Technicals are supporting this view with candlestick patterns showing bearish momentum, together with the RPM crossing down and below zero, MACD is also entering the bearish territory.
Now, just waiting for the system Sell signal...
