Bitcoin bearish, target 35,000
Bitcoin bearish, target 35,000
Following my last article, I continued to be bearish on Bitcoin.
reason:
For international news:
Although, Ukraine's military power was destroyed by Russia.
But things are definitely not going to end so quickly.
So there will be new news in the next few days.
In terms of technical indicators,
Bitcoin is still in a downtrend channel.
The 40,000 point is the pressure level, and Bitcoin cannot break through for the time being. There will be resistance when touched.
After this round of rebound, Bitcoin will continue to fall. The target point is 35000.
Following my last article, I continued to be bearish on Bitcoin.
reason:
For international news:
Although, Ukraine's military power was destroyed by Russia.
But things are definitely not going to end so quickly.
So there will be new news in the next few days.
In terms of technical indicators,
Bitcoin is still in a downtrend channel.
The 40,000 point is the pressure level, and Bitcoin cannot break through for the time being. There will be resistance when touched.
After this round of rebound, Bitcoin will continue to fall. The target point is 35000.
Disclaimer
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.