Since June, Bitcoin is trading in a range and for 6 weeks now, the price evolution is annoying, to say the least.
After a new dive under 20k in October, the price recovered but, looking at the posted chart we can see that bulls are lacking power and this rally is a dead cat rally.
As I was writing this post, Bitcoin lost 500usd and is trading now under 20k.
I expect more downside and this time we can have the break under the recent low.
Rallies above 20k are to be sold and only a daily close above 22k would change this perspective.
After a new dive under 20k in October, the price recovered but, looking at the posted chart we can see that bulls are lacking power and this rally is a dead cat rally.
As I was writing this post, Bitcoin lost 500usd and is trading now under 20k.
I expect more downside and this time we can have the break under the recent low.
Rallies above 20k are to be sold and only a daily close above 22k would change this perspective.
🚀 Elevate your trades with a 20-year market veteran!
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai