Bitcoin (BTC) Analysis
Bitcoin (BTC) Analysis
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BIAS
Short-Term : Bearish
Mid-Term : Neutral
BTC has broken below the support level around $54,000
That's a 40% correction from our All Time High of $69,000 down to a low of $42,000 we thought would be able to hold price action and give us a decent bounce.
Factoring in our current move, which is likely closing above $52,500 on the 4 hours time frames, we could be getting ready for a mid term bottom confirmation and an eventual continuation above $55,000
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--------------------
BIAS
Short-Term : Bearish
Mid-Term : Neutral
BTC has broken below the support level around $54,000 That's a 40% correction from our All Time High of $69,000 down to a low of $42,000 we thought would be able to hold price action and give us a decent bounce.
Factoring in our current move, which is likely closing above $52,500 on the 4 hours time frames, we could be getting ready for a mid term bottom confirmation and an eventual continuation above $55,000
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