₿ Bitcoin is failing to find enough strength to rise for another day in a row.
₿ We are now more than 1 day into the accumulation.
₿ And all indications are that bitcoin will once again look to attack recent lows.
₿ The technical environment such as the MACD and the RSI support the downward perspective
₿ It looks like we can expect a big fight at current levels as no move is certain.
₿ But if I had to choose I would be tempted by the downward scenario.
₿ The scenario I am playing out is a continuation of the declines, but with an emphasis on the fact that anything can happen at current levels. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
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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.