Looking at full picture after this crazy bull run. Bitcoin recently broke the uptrend channel. Its currently in a downtrend even with the move today at its highs. I would expect more downside in the short term unless we can a move significantly higher to break this recent downtrend. Lower 40s is def in the cards still.
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.