Mihai_Iacob

Bitcoin- To break under 40k?

Short
BITSTAMP:BTCUSD   Bitcoin
Two days ago I said that I expect a rebound in price from 42k and, indeed, after the price has reached this zone we had a rise.
However, 45k was very well caped indicating that bulls are very weak.
At this point, 42k-45k range is broken to the downside and we can expect continuation.
A break under 40k would bring panic and the price could drop fast.
35k could be a good target for bears and 30k is the next obvious and technical support
Only Bitcoin above 45k would change my bearish bias.

🚀 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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.