BitcoinShort
(04.02) - Crypto short - BTC keeps downtrend - H4
Bitcoin has difficulties to break the correction range (red rectangle) and turn into local uptrend.
Until price closes below $40500 there is no way to say, that price trend changed to uptrend.
Possible scenario: for 1-2 weeks investors will be kept scared; low fear and greed index; price oscillating between 30k - 40k until we reach grey downtrend line, that will probably push the price to 30k level, keep it for some time and then change the trend to local uptrend.
Until price closes below $40500 there is no way to say, that price trend changed to uptrend.
Possible scenario: for 1-2 weeks investors will be kept scared; low fear and greed index; price oscillating between 30k - 40k until we reach grey downtrend line, that will probably push the price to 30k level, keep it for some time and then change the trend to local uptrend.
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