weegaz22

BTC in possible downtrend all the way to 37k?

Short
COINBASE:BTCUSD   Bitcoin
Going off current trend it looks like we are on the way down to as far as the solid 37k support line, IF the trend continues within the descending wedge, only a breakout above the wedge into above the 51k resistance level will see a possible change in trend, I had thought initially that the previous days upward trend would have had the momentum to carry us over the 51k level but it seems to have stopped short meaning a further drop in price is possibly coming, and if so it will probably be a big one as there aren't many support levels to stop at until we get into the mid to high 30's.
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