Bitcoin ready for a move down? 2.5K (BTC)
Hello BOysss, welcome to my technical analysis of bitcoin
Bitcoin has been in a steady uptrend over the last few days (as shown by the blue trend lines). However, volume has drastically dropped off. The previous 'pump' that took us to 4300 was on very small volume and was certainly not a 'bullish move'
The setup is currently looking like a bear flag and is more clear on the larger time frames, saying that, it is possible that we break up and the current levels I am looking at are at around 4500 and if that breaks we could potentially see 5200.
Take care guys and have fun :));00;))
Bitcoin has been in a steady uptrend over the last few days (as shown by the blue trend lines). However, volume has drastically dropped off. The previous 'pump' that took us to 4300 was on very small volume and was certainly not a 'bullish move'
The setup is currently looking like a bear flag and is more clear on the larger time frames, saying that, it is possible that we break up and the current levels I am looking at are at around 4500 and if that breaks we could potentially see 5200.
Take care guys and have fun :));00;))
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