BTC is in downtrend for months now. We're still in bearish market with no stop in sight.
Right now It's in triangle formation, and it's bouncing up and down from upper and lower lines.
It can go as low as $5,700 then up to over $7,000. What's next, we will see, as big $$$ volume can come in at anytime with next bull market.
As You can see from my chart I'm even more bearish, and I think that BTC can go as low as $4,200 or $2,300 (both are important Fibonacci lvls).
I'm not worried, even if BTC will fall to $100, because crypto is a goldmine for experienced traders and whales will come in again and again to squeeze as much as they can from this market.
--------------
DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst.
The contents posted by me are for informational and entertainment purposes only.
Don't follow any analysis blindly, and make your own decisions.
Always plan your trades and play with stop-loss.
Right now It's in triangle formation, and it's bouncing up and down from upper and lower lines.
It can go as low as $5,700 then up to over $7,000. What's next, we will see, as big $$$ volume can come in at anytime with next bull market.
As You can see from my chart I'm even more bearish, and I think that BTC can go as low as $4,200 or $2,300 (both are important Fibonacci lvls).
I'm not worried, even if BTC will fall to $100, because crypto is a goldmine for experienced traders and whales will come in again and again to squeeze as much as they can from this market.
--------------
DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst.
The contents posted by me are for informational and entertainment purposes only.
Don't follow any analysis blindly, and make your own decisions.
Always plan your trades and play with stop-loss.