Bitcoin is in trouble
Updated
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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