The double top appeared on the weekly chart, which means the beginning of a trend reversal. Today the price fell below the $ 4,000 support level. This is a good sign of confirmation of a downtrend that has been going on for almost 1 month now. In the medium term, we should expect a price of about $ 400.
Note
Crypto is dead...
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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.