BTCUSD - Long Term
It's going to be a while before we ever go back to 70,000. With price falling below 25,000, it seems price can still go further down.
However, with price dropping this much, it's more likely that price will try to go back up a little before attempting to go even lower than 17,000.
There's going to be plenty of opportunities but knowing we are in a bearish trend, we should be careful about buying opportunities as we approach 48,000.
However, with price dropping this much, it's more likely that price will try to go back up a little before attempting to go even lower than 17,000.
There's going to be plenty of opportunities but knowing we are in a bearish trend, we should be careful about buying opportunities as we approach 48,000.
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.