BitcoinShort
Strong resistance area retested, liquidity taken - short
Traders are very optimistic when it comes to crypto currencies and they feel like btc can never fall. But it can and it did several times already. From 20k back to 3k. From 60k we are down to 30k. Analysis of supply and demand, institutional candles, zones of liquidity, retesting of a major resistance zone points to continuing downtrend. On top of that, there is no fundament whatsoever to drive massive raise back to 60k. FED, BoJ and other institutions are calling for more regulations, China is banning mining farms, Musk and Tesla have abandoned BTC for now. I really don't see any source of optimism right now. It may come sooner or later, but there is none right now.
My expectation is decline down to 26k and without any positive fundamentals, maybe even lower to 20k. I would be really surprised to see 100k by the end of the year like many claim.
My expectation is decline down to 26k and without any positive fundamentals, maybe even lower to 20k. I would be really surprised to see 100k by the end of the year like many claim.
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