Bitcoin Bearish Possible Movement
Hi everyone, here are my thoughts on BTC on a Daily Timeframe
Before I proceed, I would like to remind all of you that these are my personal analysis, I don't mean to be against the opinions of others, we have different POV and opinions.
- Looking at the Bitcoin Price on a Daily Chart, you'll see a Bearish POI around 50.6k to 51.7k, That's the average level of Bearish Block of Orders, IMO.
- If my Analysis is correct, there is a possibility that the price of BTC will get a rejection from these area and will begin to sell off.
- That's basically my bearish bias, now, for the bullish bias, I would like to see BTC breaks above 60k for me to be able to confirm the bull run recovery, until then, i will remain bearish as it can still be an area of OB.
I hate to break this to you guys, but personally? If my analysis is correct, then it's over for the bitcoin for now. I still wish you all the best, this isn't the end. I hope I'm wrong.
That's it guys! Take care and Goodluck!
Before I proceed, I would like to remind all of you that these are my personal analysis, I don't mean to be against the opinions of others, we have different POV and opinions.
- Looking at the Bitcoin Price on a Daily Chart, you'll see a Bearish POI around 50.6k to 51.7k, That's the average level of Bearish Block of Orders, IMO.
- If my Analysis is correct, there is a possibility that the price of BTC will get a rejection from these area and will begin to sell off.
- That's basically my bearish bias, now, for the bullish bias, I would like to see BTC breaks above 60k for me to be able to confirm the bull run recovery, until then, i will remain bearish as it can still be an area of OB.
I hate to break this to you guys, but personally? If my analysis is correct, then it's over for the bitcoin for now. I still wish you all the best, this isn't the end. I hope I'm wrong.
That's it guys! Take care and Goodluck!
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