The long-term status of bitcoin is not very interesting to me.
Considering all the conditions for an ideal climb, we need to break the range of 47k$ and above.
Examining the volume and saturation points, I expect the bitcoin to fall to at least 41k$.
Our weekly support is a dynamic support Which has reacted well so far.
In general, if Bitcoin can not be supported in the range above 41k$, I expect a further decline.
Also from a technical point of view we see a descending flag pattern .
The zigzag movement can be down to 41 confirmations on the flag pattern.
By examining all these conditions and the volume of transactions stored in the market, it is also technically approved.
Considering all the conditions for an ideal climb, we need to break the range of 47k$ and above.
Examining the volume and saturation points, I expect the bitcoin to fall to at least 41k$.
Our weekly support is a dynamic support Which has reacted well so far.
In general, if Bitcoin can not be supported in the range above 41k$, I expect a further decline.
Also from a technical point of view we see a descending flag pattern .
The zigzag movement can be down to 41 confirmations on the flag pattern.
By examining all these conditions and the volume of transactions stored in the market, it is also technically approved.
Trade active:
As expected, the price behavior moved as expected. We easily lost support at 41. And the daily high of 40,500 could not prevent the price from falling.
I expect the price to fall to 36 and even below 34 34 in the coming week
I expect the price to fall to 36 and even below 34 34 in the coming week
