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BITCOIN - MID TERM BEARISH 5k7 INCOMING
Hi everyone! Welcome to my second analysis on BITCOIN.
In my previous analysis, I talked about how BITCOIN would move up to 6k9 - 7k in the short term. If it breaks the 7k level, it will have a big chance to move up to 7k8. However, my mid term view still is very bearish. BITCOIN is currently moving in a big downtrend channel and I think that in the next week or two, it will go down to 5k8 - 5k7. So if BITCOIN fail to break the 6k9 level, I will definitely open my SHORT position then.
Previous analysis:
In my previous analysis, I talked about how BITCOIN would move up to 6k9 - 7k in the short term. If it breaks the 7k level, it will have a big chance to move up to 7k8. However, my mid term view still is very bearish. BITCOIN is currently moving in a big downtrend channel and I think that in the next week or two, it will go down to 5k8 - 5k7. So if BITCOIN fail to break the 6k9 level, I will definitely open my SHORT position then.
Previous analysis:
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