Bitcoin Technical Analysis & Levels
- Bitcoin has recently been very sideways and volatile
- I wouldn't call it bearish since the price has been consolidating in a range and the movements are quite range bounded
- The only concern for Bitcoin, IMO is that it can get dangerous if it closes a weekly candle below 58,000$ and post that we will see more downside in Bitcoin watch that out.
- Bitcoin needs to hold the second the Spot accumulation zone or else things will get really dark
- Warning you all the worst so that you allocate yours funds accordingly and stay prepared. Everybody stays prepared for the best but nobody stays prepared for the worst because we are in generation where everybody is too outcome oriented and nobody cares about the risk on the table
#btc #bitcoin
- I wouldn't call it bearish since the price has been consolidating in a range and the movements are quite range bounded
- The only concern for Bitcoin, IMO is that it can get dangerous if it closes a weekly candle below 58,000$ and post that we will see more downside in Bitcoin watch that out.
- Bitcoin needs to hold the second the Spot accumulation zone or else things will get really dark
- Warning you all the worst so that you allocate yours funds accordingly and stay prepared. Everybody stays prepared for the best but nobody stays prepared for the worst because we are in generation where everybody is too outcome oriented and nobody cares about the risk on the table
#btc #bitcoin
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