As I mentioned in previous analysis Bitcoin has some support near 40000
Bitcoin respected the support and bounce about 10%.
Now in previous trading session it closed below 40000 and stated trading below the same.
Based on current price action 30000 level should be target of this fall.
Getting any pull back signal near 30000 will be good for long term investment.
On the flip side further breakdown below 30000 will crash bitcoin and you will see 20% to 30% correction near future.
30000 level is the key now.
Bitcoin respected the support and bounce about 10%.
Now in previous trading session it closed below 40000 and stated trading below the same.
Based on current price action 30000 level should be target of this fall.
Getting any pull back signal near 30000 will be good for long term investment.
On the flip side further breakdown below 30000 will crash bitcoin and you will see 20% to 30% correction near future.
30000 level is the key now.
