Not a pretty picture, is it? I hope it's just a shakeout of weak hands and not truly a breakdown.
The price has clearly closed below significant lows. Only saving grace is that the yesterday low is around 38.2% retracement of the rise from lows of August 2024 (sub 50K level).
Let's hope it reverses for good from here. If not, it's not just #BTC that will fall but majority of cryptos with it.
The price has clearly closed below significant lows. Only saving grace is that the yesterday low is around 38.2% retracement of the rise from lows of August 2024 (sub 50K level).
Let's hope it reverses for good from here. If not, it's not just #BTC that will fall but majority of cryptos with it.
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Be a Better Trader!
Disclaimer: Do your own due diligence for buy/sell decisions.
Disclaimer: Do your own due diligence for buy/sell decisions.
Related publications
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.