BTC is dropping hard!
The correcture we saw in the last weeks, has continued. Many people thought we reached the bottom (based on trading volume and big wales buying), but the correcture is continuing. The inflation is making pressure on BTC, which is only fear, because BTC is deflationary. For the longterm I think, investors will buy again and understand that BTC is a good save asset.
A bearish signal is this wedge that formed, it could bring BTC a correction of 50 percent (not that probable). I think we will be catched up in the 30-33k zone and then get a retest of 42k. But I am careful and lowered my positions (no financial advice!).
Hope I could help you!
A bearish signal is this wedge that formed, it could bring BTC a correction of 50 percent (not that probable). I think we will be catched up in the 30-33k zone and then get a retest of 42k. But I am careful and lowered my positions (no financial advice!).
Hope I could help you!
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