Bitcoin- To break under 40k?
Two days ago I said that I expect a rebound in price from 42k and, indeed, after the price has reached this zone we had a rise.
However, 45k was very well caped indicating that bulls are very weak.
At this point, 42k-45k range is broken to the downside and we can expect continuation.
A break under 40k would bring panic and the price could drop fast.
35k could be a good target for bears and 30k is the next obvious and technical support
Only Bitcoin above 45k would change my bearish bias.
However, 45k was very well caped indicating that bulls are very weak.
At this point, 42k-45k range is broken to the downside and we can expect continuation.
A break under 40k would bring panic and the price could drop fast.
35k could be a good target for bears and 30k is the next obvious and technical support
Only Bitcoin above 45k would change my bearish bias.
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