JoyBoyVegae

Biggest bull trap just hit.. coming big crash for bitcoin?

BITSTAMP:BTCUSD   Bitcoin
Halving is coming but overall bitcoin can crash before the halving even during ETF event approval or during it.

Bitcoin doesn’t have much support as you see you and it is not enough; on 1Day chart it created a double top.. if bears are still in control then it’s possible can go a lot lower than 40K even 30K.
The bottom I see still is 10K area but it’s possible can go lower than that.

Bitcoin is extremely overbought..in about 2 weeks the Euphoria is going to die out.
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.