What about Bitcoin, where is the price going?
The rebound was a necessary measure of the market, as they came to an extreme level of overbought, this situation could be observed on intraday indices. A bearish divergence has formed, the downtrend continues.
- The market will go down in steps. I expect a more interesting rebound from the level of 0.5, after which I expect a reversal to form from the level of 0.618.
- On the weekly chart, the bearish divergence looks strong and promises a more serious fall in the asset.
- Soon I will attach an analysis to this idea with my more in-depth picture of the Bitcoin market. I will show you from which zones I will take spot purchases.
- The market will go down in steps. I expect a more interesting rebound from the level of 0.5, after which I expect a reversal to form from the level of 0.618.
- On the weekly chart, the bearish divergence looks strong and promises a more serious fall in the asset.
- Soon I will attach an analysis to this idea with my more in-depth picture of the Bitcoin market. I will show you from which zones I will take spot purchases.
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