Over the course of the last couple days, BTCUSD has been rejected from the previous highs after failing to gain any buying volume on the attempted breakout. This furthers the idea that we are on the "backside" of the move, and there will likely be more downside. Of course, BTC could always surprise to the upside, but we have bids out near 20k.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.