BTC - Trend Line Support Broken
BTC is looking a bit bearish for the next few weeks. The current trend line support was broken, and the next level of support is around 34.5k. With the impending Death Cross coming in a few days, I'm predicting a bearish market for the next few weeks.
According to Kraken’s research, the previous instances of death crosses on the daily chart coincided with “either a sell-off in the days that followed or a continued macro downtrend that confirmed a bear market.”
Death Cross
According to Kraken’s research, the previous instances of death crosses on the daily chart coincided with “either a sell-off in the days that followed or a continued macro downtrend that confirmed a bear market.”
Death Cross
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