Bitcoin remains grossly bearish and if you look at the price with a bullish bias, all you have to do is turn the chart upside down.
The price action in the past 3 months clearly suggests a continuation to the downside and all Bitcoin needs now is a trigger for the break of support.
Although FOMC minutes yesterday proved to be a non-event, today's CPI could be a different story.
After 3 months of consolidation, a break of support could lead to acceleration and a drop of 20-25% is very probable in such a case.
I remain bearish as long as the price is under 22k.
The price action in the past 3 months clearly suggests a continuation to the downside and all Bitcoin needs now is a trigger for the break of support.
Although FOMC minutes yesterday proved to be a non-event, today's CPI could be a different story.
After 3 months of consolidation, a break of support could lead to acceleration and a drop of 20-25% is very probable in such a case.
I remain bearish as long as the price is under 22k.
🚀 Elevate your trades with a 20-year market veteran!
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai
More weakness is very probable