Bitcoin / TetherUS
Short

Bitcoin Path Before New Bull Cycle Begins [Daily TM Analysis]

308
Dear Traders/Investors

As you can see on the chart, I believe Bitcoin is going to experience a rough patch on coming days/weeks. there are two possible scenarios for bitcoin to arrive at 14000 USD level before the new bull cycle begins.

A: Hit 20000 level then recovery to 25000-28000 and then head to 14000

B: Hit and break 20000 level and after a pullback heads straight to 14000 level

Apparently the stop loss for this analysis is 28000-30000 level to be broken upward.

I'll be glad if you share your thoughts and comments with me.

Stay safe guys and manage risk responsibly.


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