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📌The price of Bitcoin is still under pressure from the bears, the struggle continues to secure the $21.000-21.500 zone
▫️Yesterday's attempt to break through the $20.700 zone was unsuccessful, the bulls activated at the time and we saw a rebound from the lower border of the channel.
💡I think you should not rush into transactions yet, but wait for the opening of a new weekly candle and the stock market (S&P500).
▫️According to the S&P500, the local support is the level of $4.200 with the opening of a new week, we will most likely see a continuation of the downward movement towards $4.000.
▫️Continued correction on the fund will mean that bitcoin will continue its downward movement, if the $20.500 zone is broken, I expect the next stop at $19.800
🗯This week was very hot for me personally, while the priorities are descending at the beginning of a new week, I think it's worth to wait with the longs, as soon as I see the reversal point I will definitely inform the channel. Have a nice weekend everyone!
Like and write your comments👇
📌The price of Bitcoin is still under pressure from the bears, the struggle continues to secure the $21.000-21.500 zone
▫️Yesterday's attempt to break through the $20.700 zone was unsuccessful, the bulls activated at the time and we saw a rebound from the lower border of the channel.
💡I think you should not rush into transactions yet, but wait for the opening of a new weekly candle and the stock market (S&P500).
▫️According to the S&P500, the local support is the level of $4.200 with the opening of a new week, we will most likely see a continuation of the downward movement towards $4.000.
▫️Continued correction on the fund will mean that bitcoin will continue its downward movement, if the $20.500 zone is broken, I expect the next stop at $19.800
🗯This week was very hot for me personally, while the priorities are descending at the beginning of a new week, I think it's worth to wait with the longs, as soon as I see the reversal point I will definitely inform the channel. Have a nice weekend everyone!
Like and write your comments👇
