Bitcoin on the weekly chart.
We have 4 weeks in red numbers and we are in the fifth one now.
If price goes down, it's always better to look on the higher timeframe.
On the weekly timeframe you can see one strong support around 38k and strong resistance around 47k.
If bitcoin is closed in this range than is hard to predict some furutes move.
Some big crash to 20k and lower in not very likely. Between 29-37k is the strong volume area and it will be hard to crach this area for the first time.
Note: it is weekly chart and it need some time to reaction.
We have 4 weeks in red numbers and we are in the fifth one now.
If price goes down, it's always better to look on the higher timeframe.
On the weekly timeframe you can see one strong support around 38k and strong resistance around 47k.
If bitcoin is closed in this range than is hard to predict some furutes move.
Some big crash to 20k and lower in not very likely. Between 29-37k is the strong volume area and it will be hard to crach this area for the first time.
Note: it is weekly chart and it need some time to reaction.