After the 6k level was broken, the overall Btc structure is broken
Panic momentum appeared, and seems not stabilizing around 4.400$ for now
Free fall zone if this level doesn't hold, to the 2.970$ descending triangle target area
If Bitcoin goes to the 3k support, and ends up breaking below it with a divergence of bbands, this would be very bearish with a possible sub 1k target 920$
Let's see what can hold this thing
Panic momentum appeared, and seems not stabilizing around 4.400$ for now
Free fall zone if this level doesn't hold, to the 2.970$ descending triangle target area
If Bitcoin goes to the 3k support, and ends up breaking below it with a divergence of bbands, this would be very bearish with a possible sub 1k target 920$
Let's see what can hold this thing
Note
Note
This weekly smma is very important if Btc eve goes there, around 2600
Note
Note
First reaction since the 6k fall3600 was a reactive zone
Time to check how btc behaves there in the coming days and week(s?)
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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.