Bitcoin is losing steam
Although Bitcoin made some new local highs in the past few days, these are marginal and without conviction.
Considering the 50% rise in not even a month, a correction is not only normal but is healthy.
From the technical point of view, 47k zone could be a double top, and the rising trend line is also broken.
I expect a drop to 42k zone
Considering the 50% rise in not even a month, a correction is not only normal but is healthy.
From the technical point of view, 47k zone could be a double top, and the rising trend line is also broken.
I expect a drop to 42k zone
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