Bitcoin showing continued signs of weakness/ new 31.6k target
The price is continuing to trade on par with my prior analysis of a descending triangle preparing for a break down. This is also paired the confirmation of the rejection of the upper 52k /lower 53k level.
Based on the highest daily close of last week, my Fibonacci is placed and I remain in my short trade with a final target of 31.6k.
With that being said, a continued price rise to the upside is the least likely scenario.
I hope this analysis finds you having a blessed day in God's grace.
Based on the highest daily close of last week, my Fibonacci is placed and I remain in my short trade with a final target of 31.6k.
With that being said, a continued price rise to the upside is the least likely scenario.
I hope this analysis finds you having a blessed day in God's grace.