Bitcoin, will there be a rebound at $40,000?!
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Friends, a few thoughts on the BTC chart:
From the technical side, Bitcoin at 8H shows us an ascending structure in the form of an “Rising Channel” pattern, which often triggers a correction and a breakdown of the lower boundary. At the moment, the price is close to consolidating on the breakdown of the ascending channel through the bottom, but there are other thoughts on this matter, if you do not rely on the technical part.
Everyone has probably already heard about CZ and Binance and that CZ decided to leave the post of CEO? So, due to this news, a lot of negativity gathered and people began to withdraw their funds from the No. 1 exchange in the world, which means a “panic sale” began.
In general, there are guesses that they will soon begin to take out short positions on both BTC and BNB. There is sooooo much negativity in the market, and the crowd more and more believes that this was a peak and there will soon be a correction.
Guys, just thoughts, not financial advice, the deal on the chart looks approximately the same, you may have completely different orders. Be careful, good luck everyone!
Friends, a few thoughts on the BTC chart:
From the technical side, Bitcoin at 8H shows us an ascending structure in the form of an “Rising Channel” pattern, which often triggers a correction and a breakdown of the lower boundary. At the moment, the price is close to consolidating on the breakdown of the ascending channel through the bottom, but there are other thoughts on this matter, if you do not rely on the technical part.
Everyone has probably already heard about CZ and Binance and that CZ decided to leave the post of CEO? So, due to this news, a lot of negativity gathered and people began to withdraw their funds from the No. 1 exchange in the world, which means a “panic sale” began.
In general, there are guesses that they will soon begin to take out short positions on both BTC and BNB. There is sooooo much negativity in the market, and the crowd more and more believes that this was a peak and there will soon be a correction.
Guys, just thoughts, not financial advice, the deal on the chart looks approximately the same, you may have completely different orders. Be careful, good luck everyone!
