We can see a clear level of resistance here, the descending trend line, after a fresh test & rejection off this level we're going to be entering an area of consolidation - for how long is the question!
If the price was to drop out the lower edge of this consolidation zone, we could be seeing a drop down to previous levels at around 15 or 16k.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Comment
⋅
(anyone noticed I forgot a zero on that price within that speech bubble! Let's hope BTC doesn't go down to $1550 😁)