Is bitcoin bearish?
Today (yesterday) is everybody on bearish side. Yes, after 30% dump and liquidation many traders it makes sence.
BUT!
Bitcoin is in the range between 31 - 68k. Middle line is around 47-48. Till we are above this line - weekly candle (body of candle) we are still on bearish side.
Possible scenario for next days
1) Retracement to 52k and then go down.
2) Start new uptrend with target around 75-80k.
If you also check trading volume, is lower then in dump before. This doesn't look like end of bullmarket.
BUT!
Bitcoin is in the range between 31 - 68k. Middle line is around 47-48. Till we are above this line - weekly candle (body of candle) we are still on bearish side.
Possible scenario for next days
1) Retracement to 52k and then go down.
2) Start new uptrend with target around 75-80k.
If you also check trading volume, is lower then in dump before. This doesn't look like end of bullmarket.
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