Bitcoin daily analysis update
After breaking its ATH, the chart hadn't has enough power to stay on that position an it fell below the 65k.We expected that the black line(60k$) could hold the bullish run but it couldn't so. The nest major support for the chart is the combination of the uptrend line and 53k$ support zone.
And if this zone wasn't able to support the bitcoin, the possible scenario would be its fall to 41-53k$ which is considered to be the first proper buy zone. And if the bearish trend was so powerful that none of the supporting zone mentioned above couldn't hold, the price would fell bellow the 42k$ and bounces between 28-41k$. This zone is perfect to start holding the bitcoin.
And if this zone wasn't able to support the bitcoin, the possible scenario would be its fall to 41-53k$ which is considered to be the first proper buy zone. And if the bearish trend was so powerful that none of the supporting zone mentioned above couldn't hold, the price would fell bellow the 42k$ and bounces between 28-41k$. This zone is perfect to start holding the bitcoin.
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