THINGS COULD GET UGLY-ER!
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If bears have their way, things are about to get a lot worse before they get better. I'll say this from experience, never underestimate the crypto market's ability to go down. When I told people people BTC was going to fall from 60k to 30k, they laughed. When I said it was going to 20k and lower, I was told it is impossible. Don't be surprised if you see BTC at 10k or lower in few.
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BTC is still set up for the downside IMO. NFA/DYR.
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Channel is holding up.NFA/DYR
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Channel respected NFA/DYR
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Major rejection on the channel breakout. Lets see what happens with the next daily candle.Yorum
A different perspective, make of it what you will. A couple of things need to happen before I switch my sentiment to a bull market, see if you can figure out what.
Total marketcap chart
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Current situation Total market cap
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