Just yesterday Bitcoin produced a major low characterized by maximum bearish momentum.
The move started on the 29 of July from a high price of $70,079 and bottomed at exactly $49,000.
➖ A normal reaction is now apparent.
➖ There is no momentum;
➖ The feeling is null;
➖ Volume is low.
Based on current market conditions and signals, lower prices are likely to follow next in the short-term. By short-term in this instance we refer to days only.
👉 The next target can be seen on the chart. 44444.
Namaste.