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Dec 18, 2021 9:04 AM

#Bitcoin heading to 42k? Short

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

1) Across all time frames, we can see clearly LH & LL (lower highs and lower lows)
2) 200D SMA 47k became resistance and 50W SMA 47.6k became resistance too.
3) 45k the current support is repeatedly being tested after losing 47k

Conclusion:
1) Expect high volatility today and tomorrow before weekly candle close.
2) If 45k breaks then 42k is next.
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