BITCOIN UPDATE: Support NOW or time to Panic!
Price is on Major Support now (57,700) and the chances are 70% that the price will recover and start rising again.
On the other hand we can not cross out a visit to 55,500 or even 50,600$ in case (30%) that the 57,500 level fails as a support.
What is even more worrying at the moment is that yesterday and today, Nasdaq and SP500 are rising...Bitcoin failed to follow.
I do not want to imagine what can happen if Bitcoin loses it's ground and dips below 57000 support level (the yellow line on our chart) and at the same time something happens and indices correct 🙀😱
A bit worried at the moment..
HOPE THIS LEVEL STANDS IT'S GROUND NOW
the FXPROFESSOR
On the other hand we can not cross out a visit to 55,500 or even 50,600$ in case (30%) that the 57,500 level fails as a support.
What is even more worrying at the moment is that yesterday and today, Nasdaq and SP500 are rising...Bitcoin failed to follow.
I do not want to imagine what can happen if Bitcoin loses it's ground and dips below 57000 support level (the yellow line on our chart) and at the same time something happens and indices correct 🙀😱
A bit worried at the moment..
HOPE THIS LEVEL STANDS IT'S GROUND NOW
the FXPROFESSOR
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