Bitcoin could close this weekly candle bearish we are currently on the bottom of the ascending channel of price goes below 42K then tge first target will be 40K and the. 38K maybe a bounce up to 43K and then a dump towards 35K. All these are price action that can happen but everything depends on the weekly close. We have already drop 15% form the top and we can still drop another 25% this will take us to the neck line of the breakout at 30K this area we should bounce and push towards 54K after halving around May - June .
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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.