Bitcoin / TetherUSShort
Bitcoin is falling to 25k
Updated
Hi everyone,
Bitcoin price didn't manage to hold above 28k price and is falling back again. At the moment BTC is fighting for 27k but it can't break that resistance and it is more likely that it will continue to decline.
This is indicating on bulls weakness and that bears are taking over.
At this point I don't expect Bitcoin to reach 28k unless something big happens.
I expect that Bitcoin will continue to decline to the main support line at 25250 price.
Please, do not forget to boost this idea & share it with your friends; thanks.
Bitcoin price didn't manage to hold above 28k price and is falling back again. At the moment BTC is fighting for 27k but it can't break that resistance and it is more likely that it will continue to decline.
This is indicating on bulls weakness and that bears are taking over.
At this point I don't expect Bitcoin to reach 28k unless something big happens.
I expect that Bitcoin will continue to decline to the main support line at 25250 price.
Please, do not forget to boost this idea & share it with your friends; thanks.
Note
Bitcoin is pumping and almost touched 28k. There is strong resistance at 28000-28300 so need to see if BTC manage to break it. In case if Bitcoin break 28300 resistance and rise higher then we can expect at least 29500 price.
But first it should break 28300 price level.
Note
Bitcoin almost touched 30k on the fake news on Bitcoin ETF approval. As I indicated in this idea I don't see Bitcoin going to 28k unless something big happens and this big just happened. Even fake news was enough to pump BTC to 30k in few minutes.
Now we have to see if Bitcoin drops under 28k or manage to hold above.
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