🔥 Bitcoin Minor Downside Before Bullish Move
A few days ago I made an analysis on Bitcoin where I stated that we're currently experiencing the reversal of the downtrend and that more bullishness is coming our way.
The first target has been hit. However, target 1 opposed significant selling pressure, and thus the price bounced off slightly and is edging down.
There's a possibility that BTC will make a bear move towards the trend line to turn it into support. Assuming BTC will bounce off from it, it would be a very bullish sign in the short term.
Second target around the previous low still stands.
Happy trading!
The first target has been hit. However, target 1 opposed significant selling pressure, and thus the price bounced off slightly and is edging down.
There's a possibility that BTC will make a bear move towards the trend line to turn it into support. Assuming BTC will bounce off from it, it would be a very bullish sign in the short term.
Second target around the previous low still stands.
Happy trading!
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