Bitcoin on a bearish trend but shows potential of a reversal
Bitcoin is currently on a confirmed bearish trend as it made an M formation with a support of about $67 000 and resistance of about $71 900, this is a confirmed bearish trend because it broke through the support and retested however, it still has not reached the lowest point of the last bullish start point which was $56 591 so that is the point where it is headed where it will make another support,likely to make a reversal at that point turning to a bullish trend that is likely to go through the ATH of $73 832, so dont be afraid to buy the coin as it goes down, you will thank yourself for the risk you have taken
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.