Bitcoin has been going down and down in the past few weeks as you can see and people are waiting for it to bounce back but its just not the Crypto Market but The US and Indian Stock Market have had a correction so it's a not been an ideal situation overall .
As for Bitcoin it broke Various supports level at 10k ,9.2k,8k,7.5k,and now 6.5k so the next Support Level is at 5500$ from which can expect the bleeding to stop as you can see it in the Charts as at the previous support level the price bounced back around 10% and then went back down. so now an uptrend can be seen when it hits the next level of resistance like 7.5k to confirm a reversal
Enjoy your trade and Be patient don't Panic
Join My Telegram channel @ t.me/moneymunshi for all Trades and Ideas in Details
As for Bitcoin it broke Various supports level at 10k ,9.2k,8k,7.5k,and now 6.5k so the next Support Level is at 5500$ from which can expect the bleeding to stop as you can see it in the Charts as at the previous support level the price bounced back around 10% and then went back down. so now an uptrend can be seen when it hits the next level of resistance like 7.5k to confirm a reversal
Enjoy your trade and Be patient don't Panic
Join My Telegram channel @ t.me/moneymunshi for all Trades and Ideas in Details
Comment:
Bitcoin now at the Trend Line support
