BTCUSDWe saw for the first time that BTC closed below 200 Weekly MA. Also we saw for first time BTC closing below Monthly 50MA. This is not a good sign.
I've updated my analysis and forecast for the bitcoin's absolute bottom.
Currently BTC does not have significant support until the $10,017-$11,680 range except the $16.4k-$17k area.
So stay safe brothers. Let me know if you think the bottom is in or BTC could even go lower.
Trade closed: target reached
As predicted, BTC bottomed around 16-17k area.
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Related publications
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.