Quick pullback from 52k wiped -20% from the price, creating opportunities in support zone. Demand in Bitcoin high enough, so it is quite possible to see recovery from here.
Keep in mind 42.3K level which important for sellers. If support will be strong enough - the price may do good pullback from this support and take another chance to break 52k. Quite good opportunity with nice risk/reward, so I will rebuild my long position to try.
If price failed 42k - this will trigger another selling wave — in this case we must watch for levels near 38K.
Best regards
Artem Shevelev
Keep in mind 42.3K level which important for sellers. If support will be strong enough - the price may do good pullback from this support and take another chance to break 52k. Quite good opportunity with nice risk/reward, so I will rebuild my long position to try.
If price failed 42k - this will trigger another selling wave — in this case we must watch for levels near 38K.
Best regards
Artem Shevelev
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𝗔𝗥𝗧𝗘𝗠 𝗖𝗥𝗬𝗣𝗧𝗢 | 𝗦𝗶𝗻𝗰𝗲 𝟮𝟬𝟭𝟴
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.