Hi guys, Bitcoin seems to have entered a corrective move. This is confirmed with the help of the bearish divergence on the RSI which shows the road to oversold has been more than half traveled so far. I marked on the chart the levels of interest.
Bear levels : 44.220$, if broken 40.600$, if broken 34.000$
Bull : BTC revisits 44.220$ level and bounces back to make a new ATH at 54.000$
The bull scenario is still on the table as long as the total marketcap will sustain. At the moment we lost "only" about 100 billion, currently sitting on 1,431 trillion $, so a long way to go before we can talk about a crash. But again, keep your eyes on the money, if the money goes out the price will go down.
Trade safely my friends !
Bear levels : 44.220$, if broken 40.600$, if broken 34.000$
Bull : BTC revisits 44.220$ level and bounces back to make a new ATH at 54.000$
The bull scenario is still on the table as long as the total marketcap will sustain. At the moment we lost "only" about 100 billion, currently sitting on 1,431 trillion $, so a long way to go before we can talk about a crash. But again, keep your eyes on the money, if the money goes out the price will go down.
Trade safely my friends !