Bitcoin / USD CoinShort
BTC bearish breakdown to 44,500 at 50 week EMA?
-BTC is now on a bearish breakdown from the short time frame wedge structure
-Downside target price based on wedge height is US$43-44k
-US44.5k is the intersect of the 50w EMA so likely to be strong support
-Look for a wick down to US$43-44k and then for price to settle at US44.5k
-If this level is not held, then the potential further downside risk is into the low 30s, so risk manage accordingly!
-Downside target price based on wedge height is US$43-44k
-US44.5k is the intersect of the 50w EMA so likely to be strong support
-Look for a wick down to US$43-44k and then for price to settle at US44.5k
-If this level is not held, then the potential further downside risk is into the low 30s, so risk manage accordingly!
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