Could see downside at least 42k as it just broke down major trendline. Seeing a bearish divergence as price going in upper direction while rsi going down. Watching closely on how RSI would react around 50levels.
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RSI needs to bounce off from 53 to continue upper movement
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Bitcoin consolidating for some time between 56 - 59k range. I'm still for RSI to break down or bounce off from 53 range and break above 62k then 68k is a probably a next target. Otherwise, we could see downside anywhere from 50 -42k level.
Bullish Scenario: More institution or big companies like(Apple or Walmart) buying bitcoin.
Bearish Scenario: Tax sell off probably between mid April to May
Bullish Scenario: More institution or big companies like(Apple or Walmart) buying bitcoin.
Bearish Scenario: Tax sell off probably between mid April to May