Bitcoin needs to move to the upside past this downward trend channel. It broke down below the 1st support of $41.2K. Next levels of support are $29.5K, $20K, $12K.
IMO crypto market needs a washout and needs to clean out most of the junk coins in this space. Unfortunately for that to happen, BTC needs to go through some pain.
IMO crypto market needs a washout and needs to clean out most of the junk coins in this space. Unfortunately for that to happen, BTC needs to go through some pain.
Trade active
Once again BTC is approaching a test of the downward trend channel. Needs to break into it and take out $41.2K.
Disclaimer
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.
Disclaimer
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.