A dump is going to be happen for BTC up to 36K or more!
Updated
Hello dear traders, Take care of your positions because of the current situation of the crypto market.
According to my analysis on the BTC and many valid indicators and price action, Weakness in bulls power is clear. So I expect to see a correction before the next bullish wave.
47,000$ is a major resistance and is preventing price from going higher, IMO we will see a correction up to 36,000 support area (According to the chart) and the the next bullish wave can start from that area.
If you see my previous analysis on the BTC, I expected to see breakout of current major resistance (47K) But It seems we don't see that breakout soon.(Analysis is attached)
I will update my analysis at that point, Stay tuned!
According to my analysis on the BTC and many valid indicators and price action, Weakness in bulls power is clear. So I expect to see a correction before the next bullish wave.
47,000$ is a major resistance and is preventing price from going higher, IMO we will see a correction up to 36,000 support area (According to the chart) and the the next bullish wave can start from that area.
If you see my previous analysis on the BTC, I expected to see breakout of current major resistance (47K) But It seems we don't see that breakout soon.(Analysis is attached)
I will update my analysis at that point, Stay tuned!
Note
BTC is falling as we expected. Be tuned to see bulls support around 36K area, It's game changer.
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