Can Bitcoin drop to 42k? IMO, is very probable
Updated
After the drop to 52k support zone, Bitcoin has recovered losses and touched 60k once again.
Bulls can't find a catalyst for further gains though and the cryptocurrency is trading again at 57k important zone.
In my opinion, bulls will fail to keep this zone intact and a drop under is imminent.
A daily close under 57k would expose 52 once again, but I believe this support will fall also, confirming a double top and exposing 42 very important support.
I will look to sell rallies and a new ATH would negate this scenario
Bulls can't find a catalyst for further gains though and the cryptocurrency is trading again at 57k important zone.
In my opinion, bulls will fail to keep this zone intact and a drop under is imminent.
A daily close under 57k would expose 52 once again, but I believe this support will fall also, confirming a double top and exposing 42 very important support.
I will look to sell rallies and a new ATH would negate this scenario
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