Mihai_Iacob

Bitcoin- 52k? What about 40k zone?

Short
BITSTAMP:BTCUSD   Bitcoin
I know that I will get a lot of hate, again, saying that Bitcoin will drop, but...I say it as I see it and what I can see is that BtcUsd can't pass above 60k, and only above this figure we can hope to have a new bull leg. Instead, 60k acts a clear ceiling at this moment and the pressure is clearly to the sell-side.
This more than a week range looks like distribution to me, and in case I'm right, 52k support will be just a pit stop and Bitcoin can fall easily under 50k
The next obvious support is at 40k zone

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