Bitcoin in the NO MAN's LAND
Historical data shows that bitcoin is currently at a critical zone. The green line is the level which has previously acted as a "resistance becoming support".
So far, the price has bounced off of that level, although the last candle does not signal a reversal of current downfall. Therefore, the conservative approach is to assume that the price will follow the current downtrend, unless corroborating evidence of support at this level appears later.
Weekends are bad for crypto, and I hate Sundays ;)
I am not a financial advisor, and this is not financial advice.
So far, the price has bounced off of that level, although the last candle does not signal a reversal of current downfall. Therefore, the conservative approach is to assume that the price will follow the current downtrend, unless corroborating evidence of support at this level appears later.
Weekends are bad for crypto, and I hate Sundays ;)
I am not a financial advisor, and this is not financial advice.
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