Zoom Out and We Are Doing Fine!
If you look back to when BTC started, we have been registering higher lows every year with the exception of 2015. Last year, BTC registered a low of $28600. The last couple of weeks saw a drop from 47k to 32.6k. Sellers are running out of momentum again and the bulls are staging a reversal again. There's not that much lower that we will go this year round!
Note
Unfortunately, due to macroeconomic conditions we have broken the supports and this uptrend has been invalidated.
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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.
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.