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Strong Support near $52k. Until then still bearish bias
Bitcoin
Short
Strong Support near $52k. Until then still bearish bias
By JK_Market_Recap
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May 1, 2024
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May 1, 2024
Confluence of Support:
Flag pole downside target around 52k.
Bottom of parallel channel we should bounce as we have done recently at the bottom of the channel
200 Day moving average around 50k so near the 52K
That said we still have strong bearish momentum. Price is expected to down to 52k.
At that price target we might flip bullish.
Are you bullish or bearish near 52K?
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