Decreased momentum acceleration.
If you search #BTC in t.me/Nazho_investment, we were warned about the fall of bitcoin and the ability to build new floors.
The price is reacting to the effective swing of the 50,000 round number.
If the price is not able to regain the range above 50 thousand, the uptrend in the main wave 1 is over.
As you can see in the figure, the next important support level is the range 42090-43000.
This is the main swing range that if the price can stabilize on this price level, it can fluctuate up to 48,500 in the first stage and up to 50,000 in the second stage.
If the price is not able to stabilize at this level, the fall is expected to fall to 34 thousand.
If you search #BTC in t.me/Nazho_investment, we were warned about the fall of bitcoin and the ability to build new floors.
The price is reacting to the effective swing of the 50,000 round number.
If the price is not able to regain the range above 50 thousand, the uptrend in the main wave 1 is over.
As you can see in the figure, the next important support level is the range 42090-43000.
This is the main swing range that if the price can stabilize on this price level, it can fluctuate up to 48,500 in the first stage and up to 50,000 in the second stage.
If the price is not able to stabilize at this level, the fall is expected to fall to 34 thousand.
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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.
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.