BTC in Bear Market
Updated
As you see after massive news , fomo and Valuability for investments on lower price, Btc started to drop techinacally straight to the bear market, as you see at 1st resistance dropped , then failed to return (1), dropped further at next support failed to overpass previous support as new resistance (2) , same now dropped and atm failing to bullish up to 50k , that is the result of 200MA turning day by day to red, this week is crusial moment for coin to prove us if can returns at higher prices
if for 3rd time fail, so under the last red lines price will go to bear market (puprple polygone) i can predict that a valueable price of 10400$ or 11850$ with a tick down to 9k will be the start for massuve bullish back , turning to Green on 200MA overpass the White dot line with a projection at the end/or start of the year 105k$ , all the above are Valid IF and only this week BTC fail to overpass the 50k line
if for 3rd time fail, so under the last red lines price will go to bear market (puprple polygone) i can predict that a valueable price of 10400$ or 11850$ with a tick down to 9k will be the start for massuve bullish back , turning to Green on 200MA overpass the White dot line with a projection at the end/or start of the year 105k$ , all the above are Valid IF and only this week BTC fail to overpass the 50k line
Note
Market pressure leads maket to fill the projection
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