if this is a price distribution and price is going to continue to lower then id expect one more
test in the trading range before BTC heads lower lower.
The trading range is the area between 30822 and 25571 and I suspect BTC is going to attempt to reach the middle of the range which is the area around 28079.
If the test is unsuccessful and BTC fails to reach the middle of the range at 28079 then id expect a further breakdown of price to the 20k level.
test in the trading range before BTC heads lower lower.
The trading range is the area between 30822 and 25571 and I suspect BTC is going to attempt to reach the middle of the range which is the area around 28079.
If the test is unsuccessful and BTC fails to reach the middle of the range at 28079 then id expect a further breakdown of price to the 20k level.
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* The important area to watch is the support at 25000 . This is the area of strong support and BTC should not close below this level.