How will Bitcoin go down?
Hello to all members of TradingView and my followers.
After breaking its uptrend line to the bottom in the 4-hour timeframe, Bitcoin pulled back to $23,000 on the last-ditch effort by buyers. But before fully hitting the $23,200 range intended for the previous day, it was accompanied by a strong negative reaction. The price has continued to fall to the bottom of the 1-hour short-term descending channel, that is, to the range of $21,840 to $21,500.
If bitcoin lost the $21,800 support, it could continue the downward move. The following support is $21,600 and then $21,500.
A clear break and close below the $21,500 support will send the price towards the $20,500 or $20,000 support area.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
After breaking its uptrend line to the bottom in the 4-hour timeframe, Bitcoin pulled back to $23,000 on the last-ditch effort by buyers. But before fully hitting the $23,200 range intended for the previous day, it was accompanied by a strong negative reaction. The price has continued to fall to the bottom of the 1-hour short-term descending channel, that is, to the range of $21,840 to $21,500.
If bitcoin lost the $21,800 support, it could continue the downward move. The following support is $21,600 and then $21,500.
A clear break and close below the $21,500 support will send the price towards the $20,500 or $20,000 support area.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
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