Looks like BTC is heading to €35k, a close below the 50-W MA will be a strong sign this bull cycle is over.
Note
The old support is now clearly new resistance.Trade active
35k looks inevitable and i certainly wouldn`t exclude a drop to 25k the coming months.
Trade active
35K incoming.
Trade closed: target reached
Target reached, trade closed. Do expect further decline.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.