BITCOIN CAN GET MORE BEARISH!! Bearish technical view

29 Mar 2020

Simply weekly analysis points on flows getting more bearish looking for a long term. Very important interest area for BTC is 7000 or 7k price. If BTC doesn't climb back above and closes 2w consecutively we have much less chance to see BTC bullish once again. Many investors and traders are trying to make a point on 3000 as crucial support, but don't see full picture of money flows. Real interest area where smart money will wait is 7k area and much below (1000 and all the way to 100) where real demand lies. Since we are in between zones I tend to stay with the money flows and that is bearish stance.