Bitcoin has so far failed to claim the 200 week Moving Average (in blue).
If this week closes in red, then bears will continue to dominate the chart and likely for price to make a lower low.
That means a price below $17k with a tentative target at $14k.
This would be quite a significant correction and put BTC at -80% from its current ATH.
If this happens, then likely for the market to bottom around that area.
Bias is bearish on this price action.
Like and follow if you liked my idea!
If this week closes in red, then bears will continue to dominate the chart and likely for price to make a lower low.
That means a price below $17k with a tentative target at $14k.
This would be quite a significant correction and put BTC at -80% from its current ATH.
If this happens, then likely for the market to bottom around that area.
Bias is bearish on this price action.
Like and follow if you liked my idea!
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
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.