Bitcoin was down the day before. Powerful candlestick that completely represents the bear market. The last major support in the $ 58,500 range was also broken, and the bitcoin trend officially entered the domestic correction. The correction will continue up to the range of $ 54,700 to $ 52,900, ie the Bitcoin channel floor.
The 58,500 range, which broke last night, does not appear to be recovering any time soon. Bitcoin is now in a downtrend during this period, which has brought the very high slope of the price downtrend closer to the bottom of the channel. The bottom of this channel is the important support that has been talked about many times.
This support for Bitcoin does not seem to be lost. We expect the lowest range Bitcoin will see is $ 53,000 to $ 52,900. Of course, with a high probability and not definitively. In any case, if a reversal occurs, the 58500 range has already become a resistance, and we expect a reaction to this range.
zoomarz.com
The 58,500 range, which broke last night, does not appear to be recovering any time soon. Bitcoin is now in a downtrend during this period, which has brought the very high slope of the price downtrend closer to the bottom of the channel. The bottom of this channel is the important support that has been talked about many times.
This support for Bitcoin does not seem to be lost. We expect the lowest range Bitcoin will see is $ 53,000 to $ 52,900. Of course, with a high probability and not definitively. In any case, if a reversal occurs, the 58500 range has already become a resistance, and we expect a reaction to this range.
zoomarz.com