BTC break the support zone of $46,000-$47,000 and tested the key level of $42,000. BTC should hold above $42,000 also there is a lot of big buy orders in the range of $38,000 - $42,000 which means bulls are ready to defend these levels at any cost. Elon Musk is pumping and dumping the market just with one tweet. Soon the market will stop reacting to Musk's tweets as only true believers and strong hands left. We are still bullish on BTC in the mid-term to long term. This is a good time to fill your bags.
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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.