Bitcoin (BTC) Update 4/6/22
🔴 Bearish 🔴
Bitcoin has been trending down
since last November in 2021.
It is currently rejecting hard off of
the top of the trend channel.
From the current look, it will likely fall
back to the 37,400 - 39,800 range.
From there, we may get a bounce back up.
However, if there is not enough
buying power... it may fall further
and test below 30,000. The only thing
that I could see changing this picture
would be a massive pump by the
institutions and a "melt up". However,
I'll cross that bridge when I see it.
Will be watching and updating.
🔴 Bearish 🔴
Bitcoin has been trending down
since last November in 2021.
It is currently rejecting hard off of
the top of the trend channel.
From the current look, it will likely fall
back to the 37,400 - 39,800 range.
From there, we may get a bounce back up.
However, if there is not enough
buying power... it may fall further
and test below 30,000. The only thing
that I could see changing this picture
would be a massive pump by the
institutions and a "melt up". However,
I'll cross that bridge when I see it.
Will be watching and updating.