Price action and market structure for BTC has turned neutral on the mid term and remains bearish on lower time frames. After our ETH merge we've seen the expected bearish reaction, however, it hasn't been as violent as we expected.
Current mid term support for BTC lies as $18,900, and after breaking below $20,000 with relatively high volume.
For first moves, We might see BTC down to $18,900 levels, than a slight correction to $19,500 levels to get a neutral RSI and execute a healthy drop down to between $17,000 - $18,000 levels
although alot believed that we might see BTC in around $15K or LOWER by next month.
Trade safe and DYOR
Current mid term support for BTC lies as $18,900, and after breaking below $20,000 with relatively high volume.
For first moves, We might see BTC down to $18,900 levels, than a slight correction to $19,500 levels to get a neutral RSI and execute a healthy drop down to between $17,000 - $18,000 levels
although alot believed that we might see BTC in around $15K or LOWER by next month.
Trade safe and DYOR