Bitcoin - Downtrend just started?
Hee Haiiii,
Bitcoin has shown some weakness and the bears are getting back in control for this fight. Bull had their final breath and this is only the start of the upcoming downtrend.
In the chart you can see that there is only 1 gap not filled. A test to the 8k region will happen but the most important part if we will break this support. If we are not going to break this level we will probably see the bulls back in control for the 9/10k region. If we are going to break this level we will see the 6500/6000 region because the gaps are filled on the road to this level.
This is the information the chart gives us, happy trading everyone!
- Hans / Plaxidoeda
Bitcoin has shown some weakness and the bears are getting back in control for this fight. Bull had their final breath and this is only the start of the upcoming downtrend.
In the chart you can see that there is only 1 gap not filled. A test to the 8k region will happen but the most important part if we will break this support. If we are not going to break this level we will probably see the bulls back in control for the 9/10k region. If we are going to break this level we will see the 6500/6000 region because the gaps are filled on the road to this level.
This is the information the chart gives us, happy trading everyone!
- Hans / Plaxidoeda
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