Bitcoin it's in the middle of this structure and price turn around $47,500 USD. Now, I believe that Bitcoin could to drop around $42k key possible level to confirm this level like support. But, we can't to say it. But in case that Bitcoin break the $42k, bears will go to crash the Bitcoin price toward previously level at 30k approximately. Also, another hypothesis that I put here it's that in weekly timeframe we look a formation of bearish pattern like double top and that will be a bear signal that bull rally just stopped at 68k (new higher price)
But in any case, we should be prepare for this both scenarios. But in me, I'm bearish in cryptocurrencies and Bitcoin. But I consider this analysis like neutral.
But in any case, we should be prepare for this both scenarios. But in me, I'm bearish in cryptocurrencies and Bitcoin. But I consider this analysis like neutral.
