Bitcoin is still in downtrend channel. It may hit $22000
https://www.tradingview.com/x/jsGTX8q1/
Bitcoin is still in a downtrend channel, do not break out. According to BOLL and RSI, There is still a lot of space that can make BTC's price drop.
Around $22000 is the previous resistance level and can be transferred as a support level at this time. I think $22000 would be strong because its also in the lower bond of the channel.
How long can we reach that level? I'm not so sure as well, the only thing you need to do in bear market is just for DCA, this is the best.
Bitcoin is still in a downtrend channel, do not break out. According to BOLL and RSI, There is still a lot of space that can make BTC's price drop.
Around $22000 is the previous resistance level and can be transferred as a support level at this time. I think $22000 would be strong because its also in the lower bond of the channel.
How long can we reach that level? I'm not so sure as well, the only thing you need to do in bear market is just for DCA, this is the best.
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.