🔥 Bitcoin Strong Bearish Move: But For How Long?
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As we've seen over the last few hours, BTC has finally broken out of this massive pennant that has been formed over the last two weeks. As predicted in my previous near-term BTC analysis, the bearish trend continued.
I didn't expect BTC to fall so quickly through the 33.5k support, but then again this is not a major support and had a much higher chance to break than cause a meaningful reversal.
For now, there's little in the way for the price to fall further. In my previous analyses I've marked the 30k-31k zone as my personal preferable entry zone. Obviously, during a huge sell-off we might get a wick lower than 30k, potentially 28k, but I'm confident that the bull-run is not over yet.
See my post below for my long-term BTC analysis.
Happy trading!
I didn't expect BTC to fall so quickly through the 33.5k support, but then again this is not a major support and had a much higher chance to break than cause a meaningful reversal.
For now, there's little in the way for the price to fall further. In my previous analyses I've marked the 30k-31k zone as my personal preferable entry zone. Obviously, during a huge sell-off we might get a wick lower than 30k, potentially 28k, but I'm confident that the bull-run is not over yet.
See my post below for my long-term BTC analysis.
Happy trading!
Not
Update:
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