BenSparham

$BTC Bitcoin heading back to $30k?

Short
COINBASE:BTCUSD   Bitcoin
Its not been the best couple of weeks for Bitcoin investors with the price seeming to stall around the 60k mark and then Elon musk making a U-turn on $TSLA accepting the cryptocurrency as payment

From a technical aspect, we have now created a series of lower highs and lower lows and currently in the process of breaking the 200EMA as well

This breakdown could trigger a large amount of selling and send us back down to the next large support area of $30k.

IS THE BITCOIN PARTY OVER?!

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.