Bitcoin Short term Analysis
The whole market is bearish And this condition persists as long as 53000$ which is a game changer area is acting as a resistance! we need to see the breakout of 53000$ and stabilization of the price above that zone.
It's expected to see Bitcoin movements between 53000$ and 47000$ UNTIL one of them be broken. and its important to say that according to market condition, Losing 47000$ is more likely!
If we lose 47000$ level, We have 44000$ and 40000$ support levels.
The whole market is bearish And this condition persists as long as 53000$ which is a game changer area is acting as a resistance! we need to see the breakout of 53000$ and stabilization of the price above that zone.
It's expected to see Bitcoin movements between 53000$ and 47000$ UNTIL one of them be broken. and its important to say that according to market condition, Losing 47000$ is more likely!
If we lose 47000$ level, We have 44000$ and 40000$ support levels.
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.
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.