The path for Bitcoin still remains bearish as price action remains below the 200 SMA on the daily timeframe. Dollar Index continues to climb adding additional bearish pressure for Bitcoin.
As of writing this article, I don't see any reasons to buy at these prices. I see Bitcoin dropping lower towards 14000 and beyond that towards 10,000
As of writing this article, I don't see any reasons to buy at these prices. I see Bitcoin dropping lower towards 14000 and beyond that towards 10,000
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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.