Bitcoin / TetherUSShort
Will the price of Bitcoin continue to fall?
We can see bullish accumulations after uptrend in the 60-72 range
While the price is held at the MA50 level of the daily timeframe
For now I am inclined to think that the downward movement will continue and the first level is not very strong support at 64.000
There is a high probability that we will not stop at 64k and will go to test a stronger support level at 62k
If we still manage to return above 67,000, then there is a great chance to update the historical maximum. And this will be the entry point into Long if the price reverses
The near future closing of the week will show us future events
While the price is held at the MA50 level of the daily timeframe
For now I am inclined to think that the downward movement will continue and the first level is not very strong support at 64.000
There is a high probability that we will not stop at 64k and will go to test a stronger support level at 62k
If we still manage to return above 67,000, then there is a great chance to update the historical maximum. And this will be the entry point into Long if the price reverses
The near future closing of the week will show us future events
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