This seems a fud campagne to me at this point for BTC and crypto space as a whole. Its hard to say if the top was in or not so lets play level to level.
BTC has been trading within Q1's range as shown on the chart. Failed to break $42K led to $36.5K today, which is the 0.25 level of the range.
To me, BTC will take lots of time for recovery and in the meantime, it will be choppy within the range of $36.5k-$45K. Note that $45K is a very important level, namely the mid range. Breaking $45K will send BTC to at least $48K.
If you are in crypto for the long term, its time for you to start learning more about the market, including both technical and fundamental aspects. Even if you are a holder, having some knowledge about TA would also help you to identify the levels to DCA or avoid being panic during the selloffs.
Good luck frens.
Note: If you like the content and the setup, please give me a follow not to miss out on many crypto charts to come.
BTC has been trading within Q1's range as shown on the chart. Failed to break $42K led to $36.5K today, which is the 0.25 level of the range.
To me, BTC will take lots of time for recovery and in the meantime, it will be choppy within the range of $36.5k-$45K. Note that $45K is a very important level, namely the mid range. Breaking $45K will send BTC to at least $48K.
If you are in crypto for the long term, its time for you to start learning more about the market, including both technical and fundamental aspects. Even if you are a holder, having some knowledge about TA would also help you to identify the levels to DCA or avoid being panic during the selloffs.
Good luck frens.
Note: If you like the content and the setup, please give me a follow not to miss out on many crypto charts to come.