I am very bearish Bitcoin as shown on the chart. The down trendline has to be broken before considering any buy positions. Bitcoin to $4000 if the trendline holds.
As always, this is a very volatile instrument and care needs to be taken.
With all the major bad news, Bitcoin is at a major point of balance. A break above the highlighted box should see prices rising and a break below should take us down to $4,000.
A waiting game to see what direction we take.
