Bitcoin on a bearish trend but shows potential of a reversal

19 giu

Bitcoin is currently on a confirmed bearish trend as it made an M formation with a support of about $67 000 and resistance of about $71 900, this is a confirmed bearish trend because it broke through the support and retested however, it still has not reached the lowest point of the last bullish start point which was $56 591 so that is the point where it is headed where it will make another support,likely to make a reversal at that point turning to a bullish trend that is likely to go through the ATH of $73 832, so dont be afraid to buy the coin as it goes down, you will thank yourself for the risk you have taken