It's not only BTC that did break down last time, but more markets - think of stock markets and most of the projects that did get into a bull trend in 2021.
It's hard to predict the start of a new increase into a market that is fully red - but 20K is known from history as an important level - today we had hit around that area 20800 - will this be the point for return BTC - times will show us more.
At last, it's important to check this point or whether it holds this level - if BTC holds this level, then this could be a new entry point.
Further know markets are very risky, also below 20K could bring BTC back to old levels.
This view means more that this could be a point.. with time we will get confirmed.
trading markets at this moment could be risky with no plan.
The above text is not advice.
It's hard to predict the start of a new increase into a market that is fully red - but 20K is known from history as an important level - today we had hit around that area 20800 - will this be the point for return BTC - times will show us more.
At last, it's important to check this point or whether it holds this level - if BTC holds this level, then this could be a new entry point.
Further know markets are very risky, also below 20K could bring BTC back to old levels.
This view means more that this could be a point.. with time we will get confirmed.
trading markets at this moment could be risky with no plan.
The above text is not advice.
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.
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.