Hi dear followers, Based on my analysis on bigger picture, This drop is just a pullback before next strong leg up. It is just my idea and you must take your decision based on your own analysis.
58000$ can be a bottom for BTC IMO. To be sure about the end of this correction we need to see a breakout of Current descending trend line which I have drawn on the chart.
IF 58000$ can't hold this price falling, The next target will be 54000$ Which is a good support zone.
58000$ can be a bottom for BTC IMO. To be sure about the end of this correction we need to see a breakout of Current descending trend line which I have drawn on the chart.
IF 58000$ can't hold this price falling, The next target will be 54000$ Which is a good support zone.
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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.