BITCOIN is in the consolidation phase above the level of 28750. The chart forms a descending triangle, in which the price forms a squeeze to the limit support level of 28750. Bitcoin does not react to the growth of the SP500 index, although earlier there was a strong correlation of these two instruments
I assume a breakdown of support at 28750 and a decrease in the base cryptocurrency along the trend. In the short term, I'm interested in the support of 25700. And in the medium term, the liquidity zone of 21815
interesting view,25700 is a logical level for short term, however 21K or below can happen in longer period of time. and I see 34K hitting more possible than 21K first.
Solldy
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I think that the time for such an idea has not yet come, but such a scenario is certainly worth building into your trading strategy in advance.
LeToppa
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I think we might even see $15-16k
DCryptoLord
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A squeeze, and a quick drop to the downside to clear previous low... and then up we good
realmadrid2015b15
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@DCryptoLord, nonsense talk.. up we go won't happen so quickly. It's gonna be long bearmarket
@RLinda, Luna damaged the idea of safety, trust within one of the main crypto fundamentals - stable coin. We saw a top10 coin, with stablecoin "guarantee" melt by 99'99% in a fraction of time, how can someone consider to invest in crypto in general atm, especially industrial investors, trusts etc, the ones that set the price and manipulate. I think it will keep going down. You might be right with 21k, it will continue to fall even lower.
and I see 34K hitting more possible than 21K first.