Yesterday, Bitcoin dropped under horizontal 57k support and took a dive just to touch 55k zone, where the trend line lies.
As normal, a rebound has happened from here and the cryptocurrency is back to 57k again.
At this point, from my point of view, things are clear, either bitcoin will break the trend-line and 55k recent low and, at that point, we can really expect 42k zone, either bulls will take control and bring the price back to 59k zone and this will negate my bearish scenario and we can expect new ATH and the symmetrical triangle to payout.
I remain bearish with SL in BE at this point.
As normal, a rebound has happened from here and the cryptocurrency is back to 57k again.
At this point, from my point of view, things are clear, either bitcoin will break the trend-line and 55k recent low and, at that point, we can really expect 42k zone, either bulls will take control and bring the price back to 59k zone and this will negate my bearish scenario and we can expect new ATH and the symmetrical triangle to payout.
I remain bearish with SL in BE at this point.
🚀 Elevate your trades with a 20-year market veteran!
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai
