BTCUSD ! Breakdown of support 42120 under market pressure
Updated
Bitcoin is in the trend reversal zone. A new downward channel is being formed, which clearly observes its boundaries. After testing the local support at 42120, the price makes a local false breakout and does not roll back
Since the trend is down, the formation of descending peaks can suggest pressure on the market.
I suppose if the price returns to the breakdown of the level of 42120, we can see a fall to a strong support of 40600
Sincerely, R. Linda!
Since the trend is down, the formation of descending peaks can suggest pressure on the market.
I suppose if the price returns to the breakdown of the level of 42120, we can see a fall to a strong support of 40600
Sincerely, R. Linda!
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