Bitcoin- Bulls should not be so happy
Yesterday was a blood bath on the crypto market and, as I said in my previous analysis, a drop under 40k for bitcoin would accelerate price down to 35k or even 30k.
Of course, I didn't expect both targets to be reached in few hours though...
After reaching 30k, BtcUsd recovered quickly but, in my opinion, this is only short covering and bargain hunting, not the end of the fall for Btc
From my perspective, the trend is clearly down at this point and 42-43k is now resistance and should be sold.
Only the price above 50k can be considered a bullish sign... till then I'm bearish
Of course, I didn't expect both targets to be reached in few hours though...
After reaching 30k, BtcUsd recovered quickly but, in my opinion, this is only short covering and bargain hunting, not the end of the fall for Btc
From my perspective, the trend is clearly down at this point and 42-43k is now resistance and should be sold.
Only the price above 50k can be considered a bullish sign... till then I'm bearish
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t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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