was broken. Today night BTC broke all supports and touch 50k , price bounce back as relief rally but still its below MA50 which was working as big support from long time. Now all eyes on today’s closing candle ❗️
If BTC able to finish today’s candle above 56400 than it will give confidence to market, otherwise we will retest 50k in the best option. Also I see worse possibilities if 50K won`t handle we will drop to 42- 35K zones before start growing again.
Conclusion: I think we are not in bear market, we already saw these corrections a lot of times during bull cycle ✳️
Altcoins drop fast, but they also pump hard. I`m not selling any one my assets which is underwater now.💪
It is my personal opinion. I am not financial adviser. DYOR.
Have a nice day!!!
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