Is it only correction?? Bitcoin on 1D chart
Bitcoin is currently trading around 58 900USD
Check daily chart. You can see nice uptrend - 21 days and 66% up.
Now we have probably correction - 7days and 13% down.
You can see the diferent - after 21days we have only 7days with downtrend.
Important point - in case of correction price should go up very soon again.
Strong support - 58 600USD, 50-52 000USD
Resistance - 64 000USD and 68 0000USD
Looks like bullflag formation - is important to break bearish resistance and then price could continue up.
Check daily chart. You can see nice uptrend - 21 days and 66% up.
Now we have probably correction - 7days and 13% down.
You can see the diferent - after 21days we have only 7days with downtrend.
Important point - in case of correction price should go up very soon again.
Strong support - 58 600USD, 50-52 000USD
Resistance - 64 000USD and 68 0000USD
Looks like bullflag formation - is important to break bearish resistance and then price could continue up.
1) daily close above 63k - then directly go up.
2) sideways range between 58-60 000USD