BTC/USD - Where are we heading next?
1. We can see that the previous weekly candle close has already
retested the 200ema. Indicating that the momentum to
the upside has exhausted.
We may expect an impulse to the downside if the current level
at 23.5-25k levels won't hold.
2. Price is expected to test the 13k-15k levels, if this range holds, we may expect a correction/consolidation to this area.
Overall, we're still bearish in BTC.
retested the 200ema. Indicating that the momentum to
the upside has exhausted.
We may expect an impulse to the downside if the current level
at 23.5-25k levels won't hold.
2. Price is expected to test the 13k-15k levels, if this range holds, we may expect a correction/consolidation to this area.
Overall, we're still bearish in BTC.
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.