Bitcoin has broken a major trendline and currently in a bear market on a weekly basis but neutral on a monthly basis.
Markets test ultimately those big levels marked on the charts, but it is nearly impossible to be certain which comes first so we need to be patient how price will develop in the coming days.
My take would be an upward move first and then a sharp push to lower prices as the price moved below a massive trendline yesterday. I simply don't see a buying signal yet.
Markets test ultimately those big levels marked on the charts, but it is nearly impossible to be certain which comes first so we need to be patient how price will develop in the coming days.
My take would be an upward move first and then a sharp push to lower prices as the price moved below a massive trendline yesterday. I simply don't see a buying signal yet.