Bitcoin is currently transitioning from a correction into a bearish phase, because the crypto failed to rally upwards past the consolidation structure in favour of stabilising and moving below it. As long as price, action remains under 100k and further solidifying under 92k, BTCUSD may drop towards immediate support zones at 84, 80, and 74k to find buying pressure again.
Trade closed: stop reached
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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.