Clearly currently Bitcoin is under pressure. Trend line support is critical. Close below that more bearish. How it closes this week (tomorrow) will tell more about where it wants to go from here.
Here are two scenarios out of many possibilities.
Scenario 1: holds 30k low and consolidate between 33k-40k then resumes upward move once close above 42.5k
Scenario 2: close below 33k then consolidate between 20k-30k and resumes upward move once close above 33k
What do you think?
Here are two scenarios out of many possibilities.
Scenario 1: holds 30k low and consolidate between 33k-40k then resumes upward move once close above 42.5k
Scenario 2: close below 33k then consolidate between 20k-30k and resumes upward move once close above 33k
What do you think?