Dear traders
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 channel ,the range already mention in the chart
If bitcoin lost the $21,600 support, it could continue the downward move and the following moving average support is again mention according to the chart.
a clear break and close below the $21,600 support will send the price towards down.
This is not financial advice and trade on your own risk
Thank you
Appreciate if you hit the thumbs up right below and leave your suggestions and feedback.
Regards
Mirwais
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 channel ,the range already mention in the chart
If bitcoin lost the $21,600 support, it could continue the downward move and the following moving average support is again mention according to the chart.
a clear break and close below the $21,600 support will send the price towards down.
This is not financial advice and trade on your own risk
Thank you
Appreciate if you hit the thumbs up right below and leave your suggestions and feedback.
Regards
Mirwais