Short term Bearish.
But
Long term Bullish, as always :)
Based on the channels in the charts, Bitcoin tried three times to cross an important trend line in its price movement but faced strong resistance each time. This is probably a strong indicator that further legs down are more likely to happen.
How deep will it go?
it depends on how fast Bitcoin wants to correct, to touch the nearest support line in the chart.
32k levels are more likely to be visited.
BTCUSD
But
Long term Bullish, as always :)
Based on the channels in the charts, Bitcoin tried three times to cross an important trend line in its price movement but faced strong resistance each time. This is probably a strong indicator that further legs down are more likely to happen.
How deep will it go?
it depends on how fast Bitcoin wants to correct, to touch the nearest support line in the chart.
32k levels are more likely to be visited.
BTCUSD Note
49K - 50K incoming.. then fall down to 35K - 33K regions.Order cancelled
Since we have passed a critical time where BTC were more likely to visit the 32K levels; it won't, but the 50k level is possible though. 
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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.