Bitcoin is preparing a new drop, probably till the $52.500/$53.500 area. The next big resistance area with short liquidity, is at $61.600/$61.900. Here I think we will see a powerful reversal pattern that will lead to a 6.000/7000 USD drop. Otherwise, if price will not touch that resistance, we will go down directly, but I don't think so. Grab short liquidity then drop
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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.